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The board of Chorus Limited (NZSE:CNU) has announced that it will be increasing its dividend on the 12th of April to NZ$0.16. This makes the dividend yield about the same as the industry average at 4.6%.
See our latest analysis for Chorus
Chorus' Dividend Is Well Covered By Earnings
Solid dividend yields are great, but they only really help us if the payment is sustainable. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. Without profits...
>>> Read more: Chorus (NZSE:CNU) Is Increasing Its Dividend To NZ$0.16
See our latest analysis for Chorus
Chorus' Dividend Is Well Covered By Earnings
Solid dividend yields are great, but they only really help us if the payment is sustainable. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. Without profits...
>>> Read more: Chorus (NZSE:CNU) Is Increasing Its Dividend To NZ$0.16
