Chorus Aviation Inc Announces Monthly Dividend of $0.04 (TSE:CHR)

Chorus Aviation Inc (TSE:CHR) declared a monthly dividend on Friday, July 21st, Zacks reports. Stockholders of record on Monday, July 31st will be given a dividend of 0.04 per share on Thursday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, July 27th.

Shares of Chorus Aviation (CHR) traded up 0.38% during trading on Friday, reaching $8.02. The company had a trading volume of 128,500 shares. Chorus Aviation has a 12 month low of $5.75 and a 12 month high of $12.77. The firm has a market capitalization of $979.90 million and a PE ratio of 12.15. The stock has a 50 day moving average price of $7.87 and a 200 day moving average price of $7.49.

In other news, insider Scott Tapson sold 4,800 shares of Chorus Aviation stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of C$7.33, for a total transaction of C$35,184.00. Also, Director Nowlan Kal Dayne Rebin sold 25,000 shares of Chorus Aviation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of C$7.35, for a total value of C$183,750.00. Insiders have sold a total of 683,466 shares of company stock worth $5,018,312 in the last three months.

Several analysts have recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and set a C$9.00 price objective on shares of Chorus Aviation in a report on Monday, June 5th. Scotiabank lifted their price objective on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Monday, May 15th. Five investment analysts have rated the stock with a buy rating, Chorus Aviation currently has a consensus rating of “Buy” and an average target price of C$8.54.

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About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

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