“We believe that a significant dividend cut is now likely off the table and we would be buyers at current valuations,” he said. He owns it in his dividend fund. The payout ratio is in the high 50% level -- it should be safe. Has found recent support at 200-day moving average. If you see something that you know is not right or if there is a Not the best to own. But this also looks to be among the riskier high-yield dividend stocks investors could buy. Its 2019 net income was $133 million, while its EBITDA was $370 million. Air Canada also announced last month it would be transferring its fleet of smaller Embraer regional jets to Sky Regional with an eye on broadening that relationship. Conservative investors are better off seeking safer dividend income and eventual price appreciation from bank, telecom, and utility stocks such as BMO, BCE, and Fortis. Recently, they have expanded into aircraft leasing, joining forces with Fairfax. In 2019, the stock paid out $55.3 million in dividends, which was supported by a payout ratio of about 79% of earnings and 21% of operating cash flow. Analysts have an average 12-month price target of $7.36 per share for Chorus Aviation stock. Their legacy business is steady from Air Canada which sustains the dividend. Motley Fool Canada’s market-beating team has just released a brand-new FREE report revealing 5 “dirt cheap” stocks that you can buy today for under $49 a share. The latest stock analyst recommendation is DON'T BUY. experts mostly recommend to sell the stock. But even in the worst-case scenario, it appears the dividend is sustainable through 2013, said Cameron Doerksen, a National Bank Financial analyst. 5 Stocks Under $49 (FREE REPORT). analysts published opinions Oil is going up and is one of the largest costs in the industry. One question is renewing their Air Canada deal later and renewals make investors jittery. Read the latest stock experts' ratings for Chorus Aviation Inc. Read the latest stock experts ratings for Chorus Aviation Inc. However, this has a decent neckline at $8 which has been tested, but failed to rise above that. Chorus Aviation (TSX:CHR) stock traded at the $8 per share level not too long ago. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Moreover, thanks to the market crashes, they trade at compelling valuations and provide juicy passive income. Don’t miss out! recommended to SELL the stock. In … 13 stock analysts He would look elsewhere. Resistance at $8 in a positive patterns of reverse head-and-shoulders. Buy each 50/50. It is a trending stock that is worth watching. Chorus shares take off as dividend looks safe, tap here to see other videos from our team. Bruce Campbell (2) on 2019-05-01. The company’s yield is more than three times that of the average yield of the S&P 500. Please try again. Comments may take up to an hour for moderation before appearing on the site. Chorus Aviation Inc was recommended as a Top Pick by analysts published opinions The dividend is secure even though earnings estimates have been shaved. Westjet impacts? Good yield of 6.61%. The risk of this is now none as they have extended their deal out to 2035. “We’ve heard from Air Canada that we should not anticipate growth for Jazz as Air Canada looks to lower its regional costs and to diversify the sources of regional lift.”. on Stockchase covered Chorus Aviation Inc In the last year. The Westjet deal will not have any impact on them. Chorus Aviation Inc CHR Morningstar Rating Rating as of Nov 5, 2020. It is a trending stock that is worth watching. They just went through the resigning capacity with Air Canada. Find out more about how we use your information in our Privacy Policy and Cookie Policy. He likes the dividend and thinks it is safe. He likes the stock and thinks it trades undervalued and the dividend could increase. A final decision is expected by the end of the first quarter of 2013. for help on deciding if you should buy, sell or hold the stock. The street liked this deal which has put a floor on this stock. It's 6.43%. He thinks this will become the growth side of the business. Chorus Aviation Inc is a Canadian stock, trading under the symbol TSX:CHR or CHR-T. These services normally operate under the brand names Air Canada Express and Jazz Charters. He likes the dividend yield. It is a pass through operator, running Jazz airlines for Air Canada. He owns this for the yield. Chorus Aviation stock: Is the dividend safe? Six months ago, they extended their Air Canada deal to 2035.