Chorus Aviation (CHR) Announces $0.04 Monthly Dividend

Chorus Aviation (TSE:CHR) announced a monthly dividend on Tuesday, May 22nd, Zacks reports. Stockholders of record on Thursday, May 31st will be paid a dividend of 0.04 per share on Monday, June 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Wednesday, May 30th.

Shares of Chorus Aviation traded up C$0.03, hitting C$7.63, during trading on Friday, reports. The company’s stock had a trading volume of 92,025 shares, compared to its average volume of 473,789. Chorus Aviation has a 12 month low of C$7.15 and a 12 month high of C$9.86.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Friday, May 4th. The company reported C$0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.21. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%. The firm had revenue of C$347.55 million for the quarter, compared to analysts’ expectations of C$349.00 million.

CHR has been the topic of several recent research reports. TD Securities upgraded shares of Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 price objective on the stock in a research note on Thursday, March 29th. Scotiabank increased their price objective on shares of Chorus Aviation from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 14th. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$10.13.

Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 700 departures per weekday to 59 destinations in Canada, as well as 15 destinations in the United States.

Dividend History for Chorus Aviation (TSE:CHR)

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