Chorus Aviation Inc. (TSE:CHR) to Issue Dividend Increase – $0.11 Per Share

Chorus Aviation Inc. (TSE:CHR) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be paid a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 13th. This is a 37.5% increase from Chorus Aviation’s previous quarterly dividend of $0.08.

Chorus Aviation Stock Performance

TSE CHR traded up C$0.11 during trading hours on Wednesday, reaching C$22.72. The company’s stock had a trading volume of 11,251 shares, compared to its average volume of 44,973. The company has a current ratio of 1.30, a quick ratio of 0.53 and a debt-to-equity ratio of 73.68. The business has a 50-day simple moving average of C$22.29 and a 200 day simple moving average of C$21.99. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$25.14. The stock has a market cap of C$531.99 million, a PE ratio of 7.55, a PEG ratio of 0.65 and a beta of 1.54.

Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. The company had revenue of C$320.19 million during the quarter. Chorus Aviation had a return on equity of 14.89% and a net margin of 5.98%. Equities research analysts predict that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

About Chorus Aviation

Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.