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

Key Points

• Chorus Aviation Inc. has announced a quarterly dividend of $0.08 per share, with shareholders of record being paid on August 15th, representing an annualized dividend yield of 1.41%.
• Analysts from Royal Bank of Canada, CIBC, and TD Securities have increased their price targets for Chorus Aviation, now ranging from C$25.00 to C$29.00, with consensus ratings reflecting a strong outlook.
• The stock has shown current trading around C$22.77, with a market capitalization of C$618.44 million and a P/E ratio of -37.59.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) declared a quarterly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 15th will be given a dividend of 0.08 per share on Friday, August 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 31st.

Chorus Aviation Trading Down 0.5%

Chorus Aviation stock traded down C$0.10 during midday trading on Friday, hitting C$21.82. 27,705 shares of the stock were exchanged, compared to its average volume of 49,585. The company has a fifty day simple moving average of C$21.66 and a two-hundred day simple moving average of C$18.10. Chorus Aviation has a 52 week low of C$16.87 and a 52 week high of C$24.08. The stock has a market capitalization of C$592.64 million, a PE ratio of -36.02, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79.

About Chorus Aviation

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.