Chorus Aviation Inc. (TSE:CHR) to Issue $0.11 Quarterly Dividend

Chorus Aviation Inc. (TSE:CHR) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.11 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 15th.

Chorus Aviation Stock Performance

CHR stock remained flat at C$24.36 during midday trading on Friday. The company’s stock had a trading volume of 9,776 shares, compared to its average volume of 38,989. Chorus Aviation has a one year low of C$19.56 and a one year high of C$25.28. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53. The stock has a market capitalization of C$559.84 million, a PE ratio of 9.37, a PEG ratio of 0.65 and a beta of 1.77. The company’s fifty day simple moving average is C$23.76 and its 200-day simple moving average is C$22.69.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$325.42 million for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. As a group, research analysts expect that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on CHR shares. Scotiabank raised shares of Chorus Aviation from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, February 17th. TD upped their price objective on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. National Bank Financial lowered their price objective on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Royal Bank Of Canada lifted their target price on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Stifel Nicolaus upped their price target on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$30.88.

Chorus Aviation Company Profile

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.