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Chorus Ltd (ASX: CNU) Share Price and News

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Fundamental Company Figures

Data provided by Morningstar.
Market Cap $2.64 billion
P/E Ratio 80.00
Dividend Yield 3.82%
Shares Outstanding 447.02 million
Earnings per share 0.080
Dividend per share 0.23
Year To Date Return -17.88%
Earnings Yield 1.25%
Franking N/A

Chorus Ltd (ASX: CNU) Latest News

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Recent Stock Announcements

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About Chorus Ltd (ASX: CNU)

Chorus Ltd (CNU) is New Zealand’s largest telecommunications infrastructure company, building and managing an open-access internet network and rolling out ultra-fast broadband.

An open-access network means that phone and broadband providers can access Chorus’ network to offer products and services to their customers. The company’s network consists of around 280,000 poles, 11,000 cabinets and more than 1.5 million broadband connections. Chorus is also responsible for providing the majority of New Zealand’s new fibre optic ultra-fast broadband network, a government initiative similar to Australia’s NBN.

Chorus’ history traces all the way back to the establishment of the New Zealand Post Telegraph Department in 1881. The post office was replaced by 3 state-owned enterprises in 1987, one of which was Telecom NZ. After undergoing privatisation and publicly listing in the early 1990s, Telecom separated into two distinct companies in 2011: Chorus, a wholesale operator, and Spark New Zealand Ltd (ASX: SPK), a retailer. Today, Chorus shares are dual-listed on both the ASX and NZX.

Share Price History

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
16 Apr 2021 $5.91 $-0.02 -0.34% 369,743 $5.98 $6.00 $5.90
15 Apr 2021 $5.93 $-0.06 -1.00% 3,197,835 $5.93 $5.98 $5.82
14 Apr 2021 $5.99 $-0.04 -0.66% 672,729 $6.03 $6.05 $5.98
13 Apr 2021 $6.03 $0.00 0.00% 663,971 $6.07 $6.07 $5.99
12 Apr 2021 $6.03 $0.00 0.00% 755,219 $6.03 $6.06 $5.97
09 Apr 2021 $6.03 $0.00 0.00% 1,290,976 $6.06 $6.11 $6.03
08 Apr 2021 $6.03 $-0.04 -0.66% 703,386 $6.09 $6.10 $6.00
07 Apr 2021 $6.07 $-0.09 -1.46% 869,609 $6.21 $6.27 $5.95
06 Apr 2021 $6.16 $-0.28 -4.35% 484,710 $6.40 $6.40 $6.16
01 Apr 2021 $6.44 $0.10 1.58% 541,625 $6.34 $6.44 $6.32
31 Mar 2021 $6.34 $0.04 0.63% 2,349,707 $6.34 $6.49 $6.30
30 Mar 2021 $6.30 $-0.23 -3.52% 1,110,508 $6.50 $6.51 $5.95
29 Mar 2021 $6.53 $-0.18 -2.68% 642,497 $6.71 $6.71 $6.53
26 Mar 2021 $6.71 $-0.16 -2.33% 370,316 $6.98 $6.98 $6.67
25 Mar 2021 $6.87 $-0.11 -1.58% 261,764 $6.96 $7.01 $6.86
24 Mar 2021 $6.98 $-0.05 -0.71% 377,756 $7.00 $7.09 $6.94
23 Mar 2021 $7.03 $-0.16 -2.23% 453,843 $7.14 $7.18 $7.03
22 Mar 2021 $7.19 $-0.01 -0.14% 336,354 $7.21 $7.29 $7.17
19 Mar 2021 $7.20 $0.00 0.00% 727,268 $7.01 $7.25 $7.01
18 Mar 2021 $7.20 $-0.08 -1.10% 677,448 $7.23 $7.31 $7.18
17 Mar 2021 $7.28 $-0.06 -0.82% 326,645 $7.31 $7.41 $7.23
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Director Transactions

Data provided by Morningstar.
Date Director Type Amount Value Notes
31 Mar 2021 Sue Bailey Buy 5 $34,697
23 Feb 2021 Sue Bailey Buy 5 $38,532
16 Dec 2020 Jack Matthews Buy 1 $7,760
14 Dec 2020 Sue Bailey Buy 4 $32,856
11 Dec 2020 Patrick Strange Buy 10 $79,400
11 Dec 2020 Sue Bailey Buy 798 $6,239
09 Nov 2020 Sue Bailey Buy 5 $44,567
03 Sep 2020 Prudence (Prue) Flacks Buy 4 $39,278
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Directors & Management

Data provided by Morningstar.
Name Title StartDate Profile
Dr Patrick Clifford Strange Non-Executive Director,Non-Executive Chairman Apr 2015
Mr Jack Beverly Matthews Non-Executive Director Jul 2017
Ms Prudence (Prue) Flacks Non-Executive Director Dec 2011
Mr Andrew Mark Cross Non-Executive Director Nov 2016
Mr Murray Jordan Non-Executive Director Sep 2015
Ms Sue Bailey Non-Executive Director Oct 2019
Ms Kate Jorgensen Non-Executive Director Jul 2020
Mr Elaine Jennifer Campbell Company Secretary,General Counsel May 2018
Mr Jean-Baptiste Rousselot Chief Executive Officer Nov 2019
Jean-Baptiste Rousselot Chief Executive Officer
Elaine Jennifer Campbell Company Secretary,General Counsel
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Top Share Holders

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees (Australia) Limited 14,371,340 6.28%
Jp Morgan Nominees Australia Limited 9,630,337 4.21%
Citibank Nominees (New Zealand) Limited 4,437,937 1.94%
Hsbc Nominees (New Zealand) Limited 4,205,963 1.84%
Citicorp Nominees Pty Limited 2,706,048 1.18%
Bnp Paribas Nominees (Nz) Limited 1,690,000 0.74%
National Nominees Limited 1,232,447 0.54%
Accident Compensation Corporation 903,360 0.39%
Hsbc Nominees (New Zealand) Limited A/C State Street 849,365 0.37%
Jp Morgan Chase Bank Na Nz Branch – Segregated Clients Acct 693,794 0.30%
Hsbc Custody Nominees (Australia) Limited I 656,901 0.29%
Forsyth Barr Custodians Limited 646,700 0.28%
New Zealand Depository Nominee Limited A/C 1 Cash Account 493,640 0.22%
Bnp Paribas Nominees (Nz) Limited I 406,754 0.18%
Anz Wholesale Australasian Share Fund 371,000 0.16%
Jbwere (Nz) Nominees Limited Nz Resident A/C 303,962 0.13%
Hsbc Custody Nominees (Australia) Limited Nt-Comnwlth Super Corp A/C 300,000 0.13%
Hsbc Nominees A/C Nz Superannuation Fund Nominees Limited 297,697 0.13%
Bnp Paribas Nominees (Nz) Limited Ii 278,000 0.12%
Anz Custodial Services New Zealand Limited 235,549 0.10%
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FAQ

Will Chorus pay a dividend in 2020?

Chorus paid an unfranked interim dividend of 9.76 cents per share on 14 April 2020. The company anticipates paying dividends totalling 24 cents per share for FY20, with the final dividend due to be paid in October. This is, however, subject to any material changes in Chrorus’ circumstances or outlook. The company has advised that from FY22, it anticipates transitioning to a dividend policy based on a pay-out range of free cash flow that reflects robust management of capital expenditure and that will provide shareholders with dividend predictability, stability and sustainable growth.

Does Chorus offer a DRP?

Yes. Chorus offers Australian and New Zealand shareholders the option of either full or partial participation in the dividend reinvestment plan. There is no minimum shareholding required to participate. Shares are issued under the DRP based on the volume weighted average sale price of the shares sold over five business days commencing on the ‘ex date’. At present, no discount is offered over and above this price. The company has advised it will continue to review the availability of the DRP at each financial result.