Chorus Aviation Initiates Quarterly Dividend to Enhance Shareholder Value

An update from Chorus Aviation ( (TSE:CHR) ) is now available.

Chorus Aviation Inc. has announced the initiation of a quarterly cash dividend of $0.08 per share, starting with its 2025 third-quarter earnings release. This move is part of Chorus’ strategy to enhance shareholder value following the sale of its Regional Aircraft Leasing business, alongside debt reduction and share buybacks. The company aims to distribute approximately 25% of its free cash flow as dividends while maintaining a leverage ratio within its target range and pursuing growth opportunities, reflecting its commitment to delivering shareholder value and investing in future growth.

The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.

Spark’s Take on TSE:CHR Stock

According to Spark, TipRanks’ AI Analyst, TSE:CHR is a Neutral.

Chorus Aviation’s stock score is primarily influenced by its resilience in cash flow management and leverage reduction amidst challenging profitability. Technical indicators present a cautious outlook, and valuation remains a concern due to a negative P/E ratio. Corporate events like share buybacks and strong quarterly results provide some optimism, but ongoing improvements in profitability and financial stability are critical for enhancing the stock’s appeal.

To see Spark’s full report on TSE:CHR stock, click here.

More about Chorus Aviation

Chorus Aviation Inc. is a holding company primarily involved in the aviation industry. It focuses on providing regional aviation services and has a market focus that includes partnerships such as the Capacity Purchase Agreement with Air Canada.

Average Trading Volume: 35,477

Technical Sentiment Signal: Buy

Current Market Cap: C$537.7M

See more data about CHR stock on TipRanks’ Stock Analysis page.