Chorus Aviation Inc (TSE:CHR) Plans Monthly Dividend of $0.04

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Chorus Aviation Inc (TSE:CHR) declared a monthly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.04 per share on Monday, August 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Tuesday, July 30th.

Shares of CHR opened at C$7.92 on Tuesday. The company has a debt-to-equity ratio of 255.76, a quick ratio of 0.44 and a current ratio of 0.65. The firm has a market cap of $1.24 billion and a price-to-earnings ratio of 12.02. Chorus Aviation has a 52-week low of C$4.54 and a 52-week high of C$8.10. The firm has a 50 day simple moving average of C$7.80.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.16 by C($0.03). The company had revenue of C$343.87 million during the quarter, compared to analyst estimates of C$344.00 million. On average, analysts anticipate that Chorus Aviation will post 0.85 earnings per share for the current year.

In related news, Director Joseph D. Randell sold 85,900 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$7.30, for a total transaction of C$627,070.00. Following the sale, the director now directly owns 6,148 shares of the company’s stock, valued at approximately C$44,880.40. Also, Senior Officer Jolene Mahody sold 26,500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$7.45, for a total value of C$197,425.00. Following the sale, the insider now directly owns 209,351 shares in the company, valued at C$1,559,664.95. Over the last three months, insiders have sold 169,500 shares of company stock worth $1,247,748.

CHR has been the topic of several research reports. CIBC reissued a “hold” rating and set a $2.50 price target on shares of Advantage Oil & Gas in a research report on Thursday, July 18th. TD Securities dropped their price target on Total Energy Services from C$11.50 to C$10.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$9.39.

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 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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Dividend History for Chorus Aviation (TSE:CHR)

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