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

Chorus Aviation Inc (TSE:CHR) announced 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 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, July 27th.

Chorus Aviation (CHR) traded up 0.38% during midday trading on Friday, hitting $8.02. The stock had a trading volume of 128,500 shares. The company has a market capitalization of $979.90 million and a PE ratio of 12.15. The company’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.49. Chorus Aviation has a 52 week low of $5.75 and a 52 week high of $12.77.

In other news, insider Steven Linthwaite sold 300,000 shares of Chorus Aviation stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of C$7.27, for a total value of C$2,181,000.00. Also, Director Nowlan Kal Dayne Rebin sold 109,063 shares of Chorus Aviation stock in a transaction dated Friday, June 16th. The stock was sold at an average price of C$7.24, for a total value of C$789,616.12. Insiders have sold a total of 683,466 shares of company stock worth $5,018,312 over the last ninety days.

CHR has been the topic of several recent research reports. Scotiabank lifted their target price 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. Canaccord Genuity reaffirmed a “buy” rating and set a C$9.00 target price on shares of Chorus Aviation in a report on Monday, June 5th. Five analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$8.54.

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Chorus Aviation Company Profile

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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