Chorus Aviation Inc. , formerly Jazz Air Income Fund, says it will pay a dividend of 15 cents per share during the first quarter.
The move falls in line with its previously announced annual dividend policy target of 60 cents per share.
The Halifax-based company said the dividend is payable to both class A and class B shareholders on April 18.
Chorus Aviation operates passenger service to smaller markets on behalf of Air Canada , as well as flies Thomas Cook passengers during the winter season to destinations in the Caribbean, Mexico and Central America.
The company also indirectly holds a stake in South American regional carrier, Pluna.
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