CNU News: Chorus' (NZSE:CNU) Dividend Will Be NZ$0.19 - 3rd Mar 2024, 7:13am

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Chorus Limited (NZSE:CNU) will pay a dividend of NZ$0.19 on the 16th of April. This will take the annual payment to 6.0% of the stock price, which is above what most companies in the industry pay.

View our latest analysis for Chorus

Chorus Is Paying Out More Than It Is Earning

If the payments aren't sustainable, a high yield for a few years won't matter that much. Before making this announcement, the company's dividend was much higher than its earnings. It will be difficult to sustain this le...

>>> Read more: Chorus' (NZSE:CNU) Dividend Will Be NZ$0.19
 
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