Chorus (OTCMKTS:CHRYY) Sees Large Volume Increase - Here's What Happened

Key Points

• Chorus Ltd. (OTCMKTS:CHRYY) experienced a significant trading volume increase of 839% on Friday, with approximately 8,284 shares traded compared to just 882 shares the previous session.
• The company announced a dividend of $0.8575 per share, payable on October 27th, which equates to an impressive yield of 482.0%.
• Chorus operates in the fixed line communications sector in New Zealand, providing phone, broadband, and other data services to residential and business customers.

Chorus Ltd. (OTCMKTS:CHRYY - ) shares saw unusually-strong trading volume on Friday . Approximately 8,284 shares traded hands during mid-day trading, an increase of 839% from the previous session's volume of 882 shares.The stock last traded at $27.41 and had previously closed at $27.35.

Chorus Stock Performance

The business's fifty day moving average price is $26.67 and its 200 day moving average price is $24.64. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.46 and a quick ratio of 0.46.

Chorus Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, September 17th will be paid a $0.8575 dividend. This represents a yield of 482.0%. The ex-dividend date of this dividend is Tuesday, September 16th.

Chorus Company Profile

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.

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