Chorus Limited (ASX:CNU) to Issue Dividend Increase – $0.18 Per Share

Chorus Limited (ASX:CNU) declared a interim dividend on Thursday, March 13th, MarketIndexAU Dividends reports. Investors of record on Monday, April 14th will be given a dividend of 0.177 per share on Monday, April 14th. This represents a dividend yield of 2.44%. The ex-dividend date is Sunday, March 16th. This is a 16.4% increase from Chorus’s previous interim dividend of $0.15.

Chorus Price Performance

The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 332.58. The firm has a market cap of $3.74 billion, a PE ratio of -514.36 and a beta of 0.22.

About Chorus

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.