Insider Buying: Chorus Limited (ASX:CNU) Insider Buys 5,000 Shares of Stock

Chorus Limited (ASX:CNUGet Rating) insider Sue Bailey acquired 5,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average cost of A$7.70 ($5.14) per share, for a total transaction of A$38,520.00 ($25,680.00).

Chorus Price Performance

The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 368.28.

Chorus Increases Dividend

The company also recently declared a Interim dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, April 10th will be given a dividend of $0.131 per share. This represents a dividend yield of 1.73%. The ex-dividend date is Sunday, March 12th. This is a boost from Chorus’s previous Interim dividend of $0.13. Chorus’s dividend payout ratio is currently 533.33%.

About Chorus

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Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; and high-speed digital subscriber line broadband services. The company builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.

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