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

Chorus Aviation Inc (TSE:CHR) declared a monthly dividend on Friday, July 21st, Zacks reports. Investors 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 yield of 6.24%. The ex-dividend date is Thursday, July 27th.

Chorus Aviation (TSE:CHR) traded up 0.39% during trading on Wednesday, reaching $7.72. 19,729 shares of the company were exchanged. 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 $943.25 million and a PE ratio of 11.70. The stock has a 50 day moving average price of $7.82 and a 200 day moving average price of $7.47.

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In other Chorus Aviation news, insider Steven Linthwaite sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of C$7.27, for a total transaction of C$2,181,000.00. Also, Director Nowlan Kal Dayne Rebin sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of C$7.35, for a total transaction of C$183,750.00. Insiders have sold a total of 683,466 shares of company stock worth $5,018,312 over the last ninety days.

Several research firms have weighed in on CHR. Canaccord Genuity restated a “buy” rating and set a C$9.00 target price on shares of Chorus Aviation in a report on Monday, June 5th. Scotiabank raised their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company 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 an average rating of “Buy” and an average target price of C$8.54.

About Chorus Aviation

Chorus Aviation Inc is a Canada-based holding company, which holds various aviation interests. It operates through businesses, such as Jazz Aviation LP (Jazz), Voyageur Aviation Corp. (Voyageur) and Chorus Aviation Capital Corp. (CACC). Jazz operates through three divisions: Air Canada Express, through which Jazz provides service using the Air Canada Express brand throughout North America; Jazz Technical Services (JTS) provides maintenance, repair and overhaul (MRO) services to third parties, and Jazz division, which offers charters throughout North America with a fleet of three Bombardier aircraft and also offers airline operators services, such as ground handling, dispatching, flight load planning, training and consulting.

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