Chorus (OTCMKTS:CHRYY) Shares Down 6.2% - What's Next?

Key Points

• Chorus Ltd. shares decreased by 6.2%, trading at $25.43, significantly down from a previous close of $27.11.
• The company announced a dividend of $0.8575 per share, which will be paid on October 27th, providing a substantial dividend yield of 482.0%.
• Chorus operates in the fixed line communications sector, offering services in New Zealand, including phone, broadband, data, and voice services.

Chorus Ltd. (OTCMKTS:CHRYY - ) shares dropped 6.2% on Thursday . The company traded as low as $25.43 and last traded at $25.43. Approximately 162 shares changed hands during trading, a decline of 79% from the average daily volume of 790 shares. The stock had previously closed at $27.11.

Chorus Stock Down 6.2%

The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.46 and a current ratio of 0.46. The stock's 50 day moving average is $27.40 and its two-hundred day moving average is $25.14.

Chorus Dividend Announcement

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

About Chorus

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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