Chorus Aviation Inc (CHR) Plans $0.04 Monthly Dividend

Chorus Aviation Inc (TSE:CHR) announced a monthly dividend on Monday, January 22nd, Zacks reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.04 per share on Friday, February 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Tuesday, January 30th.

Chorus Aviation (TSE:CHR) traded down C$0.15 during trading on Thursday, reaching C$9.42. 258,131 shares of the company’s stock were exchanged, compared to its average volume of 351,103. The firm has a market cap of $1,180.00, a price-to-earnings ratio of 7.48 and a beta of 0.71. Chorus Aviation has a 52-week low of C$6.95 and a 52-week high of C$9.86.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.39 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.26 by C$0.13. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%.

Several analysts have weighed in on the stock. CIBC upped their price objective on shares of Chorus Aviation from C$10.50 to C$11.00 in a research note on Thursday, January 4th. Scotiabank upped their price objective on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada decreased their price objective on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$9.96.

In related news, Director Gary James Osborne sold 43,300 shares of Chorus Aviation stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total transaction of C$424,340.00. Also, insider Scott Tapson sold 15,200 shares of Chorus Aviation stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$9.75, for a total transaction of C$148,200.00. Insiders have sold 160,846 shares of company stock worth $1,573,711 over the last three months.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/01/25/chorus-aviation-inc-chr-plans-0-04-monthly-dividend.html.

About Chorus Aviation

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 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Dividend History for Chorus Aviation (TSE:CHR)

Receive News & Ratings for Chorus Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chorus Aviation and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit