Chorus Aviation Inc. (CHR) to Issue Quarterly Dividend of $0.11 on March 31st

Chorus Aviation Inc. (TSE:CHR) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a 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 Up 1.0%

Chorus Aviation stock traded up C$0.23 during midday trading on Wednesday, hitting C$22.84. The stock had a trading volume of 17,055 shares, compared to its average volume of 45,115. 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 fifty day moving average price of C$22.29 and a 200 day moving average price of C$21.99. Chorus Aviation has a 12 month low of C$17.62 and a 12 month high of C$25.14. The stock has a market cap of C$534.80 million, a P/E ratio of 7.59, a P/E/G ratio of 0.65 and a beta of 1.54.

Chorus Aviation (TSE:CHR) last issued 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%. Research analysts predict that Chorus Aviation will post 0.3 EPS for the current 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.