Chorus Aviation Inc. Initiates Quarterly Dividend

About this update from Chorus Aviation Inc.

[{"type":"text","content":"\n\n\n\n Chorus Aviation Inc. Initiates Quarterly Dividend\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ - Chorus Aviation Inc. (TSX: CHR) (\"\n \n Chorus\n \n \") today announced the declaration of a cash dividend of\n \n $0.08\n \n per Class A Variable Voting and Class B Voting Share (collectively, the \"\n \n Shares\n \n \"), payable on\n \n August 15, 2025\n \n to shareholders of record at the close of business on\n \n July 31, 2025\n \n .\n \n\n Chorus intends to declare future quarterly cash dividends in the amount of\n \n $0.08\n \n per Share concurrent with the announcement of its quarterly earnings reports, starting with the 2025 third quarter earnings release currently scheduled to occur on\n \n November 6, 2025\n \n .\n \n\n\n Colin Copp\n \n , President and Chief Executive Officer, Chorus stated: \"Today's announcement of a dividend is a further concrete step we have taken to enhance shareholder value – in addition to debt reduction and share buybacks – since the sale of our Regional Aircraft Leasing business last year.\"\n \n\n \"Management is focused on growing Chorus' earnings and cash flows over time and aims to distribute approximately 25% of Chorus' Free Cash Flow\n \n 1\n \n after debt repayments as dividends to shareholders. This reflects our commitment to delivering value to our shareholders while investing in future growth,\" said Mr. Copp.\n \n\n \"Our first-quarter Leverage Ratio\n \n 1\n \n of 1.6x is well within our target range of 1.0x to 2.0x, and we have\n \n $200 million\n \n in available credit facilities. While returning capital to shareholders, we are now also actively pursuing growth oppo...

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