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

Chorus Aviation Inc. (TSE:CHR) announced a quarterly dividend on Friday, December 12th, TickerTech Dividends reports. Investors of record on Monday, December 29th will be given a dividend of 0.08 per share on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, December 12th.

Chorus Aviation Stock Up 0.7%

CHR stock opened at C$21.93 on Wednesday. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The firm has a market cap of C$513.49 million, a PE ratio of -18.12, a P/E/G ratio of 0.65 and a beta of 1.37. Chorus Aviation has a 12 month low of C$17.62 and a 12 month high of C$24.31. The firm has a 50 day simple moving average of C$22.59 and a 200 day simple moving average of C$21.71.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.60 EPS for the quarter. The company had revenue of C$323.57 million during the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%. Equities research analysts forecast that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHR has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Chorus Aviation from C$26.25 to C$28.00 in a research report on Monday, November 10th. TD Securities upped their target price on Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. CIBC reduced their price target on Chorus Aviation from C$33.00 to C$32.00 in a report on Monday, November 10th. Finally, Royal Bank Of Canada set a C$31.00 price target on Chorus Aviation and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$29.20.

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.