Chorus Aviation Inc. Announces Quarterly Dividend of $0.08 (TSE:CHR)

Chorus Aviation Inc. (TSE:CHR) announced a quarterly dividend on Friday, December 12th, TickerTech Dividends reports. Investors of record on Monday, December 29th will be given a dividend of 0.08 per share on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, December 12th.

Chorus Aviation Trading Up 0.7%

Shares of CHR stock opened at C$21.93 on Wednesday. Chorus Aviation has a twelve month low of C$17.62 and a twelve month high of C$24.31. The stock’s fifty day simple moving average is C$22.59 and its 200 day simple moving average is C$21.71. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The firm has a market capitalization of C$513.49 million, a P/E ratio of -18.12, a P/E/G ratio of 0.65 and a beta of 1.37.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.60 EPS for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The firm had revenue of C$323.57 million for the quarter. As a group, sell-side analysts predict that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHR has been the topic of a number of recent research reports. Royal Bank Of Canada set a C$31.00 price target on shares of Chorus Aviation and gave the stock an “outperform” rating in a report on Tuesday, November 25th. BMO Capital Markets increased their price target on Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. CIBC lowered their price objective on Chorus Aviation from C$33.00 to C$32.00 in a research report on Monday, November 10th. Finally, TD Securities upped their target price on Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$29.20.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.