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

Chorus Aviation (CHR) traded up 0.25% on Friday, reaching $8.01. 247,974 shares of the company traded hands. The stock has a 50-day moving average of $8.16 and a 200 day moving average of $7.56. Chorus Aviation has a 52-week low of $5.75 and a 52-week high of $8.14. The company has a market capitalization of $987.15 million and a PE ratio of 10.01.

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CHR has been the subject of several research reports. CIBC upped their price objective on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a report on Friday. Scotiabank increased their price target on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Monday, May 15th. National Bank Financial increased their price target on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Friday. TD Securities increased their price target on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank Of Canada increased their price target on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Chorus Aviation has an average rating of “Buy” and a consensus price target of C$8.83.

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 shares were sold at an average price of C$7.35, for a total transaction of C$183,750.00. Over the last quarter, insiders sold 683,466 shares of company stock valued at $5,018,312.

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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