Whether you are in retirement, nearing retirement, or still in the planning phases for your golden years, a company like Chorus Aviation with its 6% dividend yield can provide a big boost for a portfolio in need of solid, reliable income over time.
Chorus’ two primary businesses as an operator for various regional flights for Air Canada (TSX:AC) and as a provider of leased planes and plane maintenance/financing for its fleet are incredibly stable businesses, which take advantage of a significant percentage of guaranteed revenue contracts, one of the things I like most about Chorus Aviation.
I also like the fact that Chorus Aviation has been hit somewhat of late due to the Coronavirus scare out of China, and worries that global airline stocks, including Air Canada’s business, will slow down. I think this particular headwind could provide an attractive buying opportunity, if Chorus Aviation’s stock price declines further in the coming months.