Chorus Aviation Inc. (TSE:CHR) Announces Quarterly Dividend of $0.11

Chorus Aviation Inc. (TSE:CHR) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.11 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 15th.

Chorus Aviation Stock Performance

Shares of TSE CHR traded up C$0.57 during midday trading on Friday, hitting C$28.07. 34,437 shares of the company’s stock traded hands, compared to its average volume of 42,315. The firm has a fifty day moving average of C$26.81 and a 200 day moving average of C$24.80. Chorus Aviation has a 1 year low of C$19.56 and a 1 year high of C$30.73. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97. The stock has a market capitalization of C$633.54 million, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.65 and a beta of 1.72.

Chorus Aviation (TSE:CHR) last announced its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The company had revenue of C$349.42 million during the quarter. On average, analysts forecast that Chorus Aviation will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Stifel Nicolaus increased their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD lifted their price target on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Scotia raised their price objective on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chorus Aviation currently has a consensus rating of “Buy” and an average price target of C$32.39.

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.