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Chorus Ltd, bears the ticker symbol CHRYY, and this is my first mention of CHRYY for this Viking Portfolio or any of my previous seven dog of the week portfolios.

Chorus is New Zealand’s largest fixed-line communications infrastructure entity and was spun off in 2011 from Telecom New Zealand.

Chorus offers wholesale access to its nationwide copper and fiber network to retail service providers. It also provides backhaul services to retail service providers and connects mobile phone towers.

Chorus has just completed the government's rollout of ultra-fast broadband, a fiber-to-the-premises network to cover much of the population in New Zealand.

Chorus Limited was founded in 2008 and is based in Wellington, New Zealand.

Three key data points gauge Chorus Ltd or any dividend-paying firm. They are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

CHRYY Price

Chorus’s price per share was $27.10 at Wednesday’s market close. In the past year, Chorus’s share price rose $2.57 or 10.5%.

If Corus’s stock trades in the range of $20.00 to $30.00 this next year, its recent $27.09 share price might rise to $28.70 by next year. My upside estimate of $1.61 is about the average annual price gain for CHRYY over the past ten years. No analysts cover Chorus’s stock for brokers. So average upside is the best indicator.
 

CHRYY Dividend

Chorus’s most recent semi-annual dividend of $.5326 will pay out on April 21, 2022, to shareholders of record on March 10.
 

CHRYY Returns

Adding a $1.11 annual estimated CHRYY dividend to my $1.61  estimated price upside reveals a $2.72 potential gross gain per share.

At Wednesday’s $27.09 closing price, a little over $1000 would buy 37 shares.

A $10 broker fee (if charged), paid half at purchase and half at the sale, might cost us about $0.27 per share.

Subtracting that maybe $0.27 brokerage cost from my estimated $2.72 gross price gain estimate makes a net amount of $2.45 X 37 shares = $90.65 or a 9% net gain.

In the next year, our $1K investment in shares of Chorus Ltd might generate $41.00 in dividends. Furthermore, a single share of CHRYY at Wednesday’s $27.09 price is over 1.5 times below the annual dividend income from $1000.00 invested.

So, by my dogcatcher ideal, this may be a prime time to consider CHRYY shares, based on their dividends for 2023. The dividend from $1k invested is 1.513 times greater than CHRYY’s single-share price. Consider yourself alerted.

All of the estimates above are speculation based on the past history of investment in shares of Chorus Ltd. Only time and money invested in this stock will determine its future market value.

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