Hi everyone I’m back to share with you a small purchase I made this week. Due to the fears in the world and on the stock market I decided to add to a stock that dropped significantly. The stock was Chorus Aviation, I’ve held Chorus for several years now and like their business model.
Chorus Aviation Who??
Chorus Aviation is a company that specializes in aviation based in Nova Scotia. If you live in Canada there is a good chance you have flown on them if you were on a short-haul route in Canada or to the United States, Chorus is a the largest contracted partner for Air Canada and fly under the Air Canada Express/Jazz banners. In total Chorus Aviation has it’s hands in six business areas which are:
- Aircraft Leasing
- Contracted Flying & Special Missions
- Aircraft Parts & Components
- Maintenance, Repair & Overhaul
- Charters
- Custom Design & Engineering
Chorus pays a monthly dividend of $0.04 and that hasn’t budged in about three years. But I believe the future is bright as they are currently growing the aircraft leasing business which I believe could be a big growth market for them.
The Buy
Thanks to zero commissions at Wealthsimple Trade I was able to make this purchase as I had $96 cash sitting in the account. So I was able to buy 13 new shares, with these additional shares my forward income will increase monthly by $0.52 and annually by $6.24.
Not a big purchase but every little bit helps me to reach my goal.
Are you guys buying anything please let me know.
Thanks
Matthew
Every little bit helps as that snowball compounds!
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That is very true 😀
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I jumped in it as well albeit a day or two too soon
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