Chorus Limited

NZSE:CNU Stock Report

Market Cap: NZ$4.2b

Chorus Dividends and Buybacks

Dividend criteria checks 3/6

Chorus is a dividend paying company with a current yield of 6.07%.

Key information

6.1%

Dividend yield

0%

Buyback Yield

Total Shareholder Yield6.1%
Future Dividend Yield6.7%
Dividend Growth13.8%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio1,365%

Recent dividend and buyback updates

Analysis Article Feb 26

Chorus (NZSE:CNU) Is Due To Pay A Dividend Of NZ$0.23

Chorus Limited ( NZSE:CNU ) will pay a dividend of NZ$0.23 on the 15th of April. This makes the dividend yield 6.9...

Recent updates

Narrative Update Jun 10

CNU: Future Returns Will Rely On Interim Dividend Settings Remaining Steady

Analysts have kept their NZ$9.46 price target for Chorus broadly unchanged, with only minor tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions driving the latest update. What's in the News Chorus has set the foreign exchange rate for its HY26 unimputed interim dividend to Australian investors at NZ$1 to A$0.82484, according to the company.
Narrative Update May 25

CNU: Future Returns Will Depend On Dividend Settings And Stable Assumptions

Analysts have maintained their NZ$ price target for Chorus, with only minor tweaks to assumptions such as a slightly higher discount rate and small adjustments to revenue growth, profit margin, and future P/E, resulting in an unchanged fair value estimate of NZ$9.46. What's in the News Chorus has set the foreign exchange rate for its HY26 unimputed interim dividend to Australian investors at NZD/A$ 0.82484, clarifying the payout conversion for cross border holders.
Narrative Update May 05

CNU: Future Returns Will Rely On Dividend Settings And Refined Assumptions

Analysts have kept their NZ$9.46 price target for Chorus steady, with only small tweaks to inputs such as the discount rate and future P/E assumption, reflecting fine tuning rather than a change in overall view. What's in the News Chorus has set the foreign exchange rate for its HY26 unimputed interim dividend to Australian investors at NZ$1 to A$0.82484.
Narrative Update Apr 20

CNU: Stable Outlook Will Depend On Dividend Timetable And Refined Assumptions

Analysts have nudged their Chorus price target fractionally lower to NZ$9.46. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that are only slightly different from prior estimates.
Narrative Update Apr 06

CNU: Stable Outlook Will Rely On Minor Assumption Tweaks And Dividend Clarity

Analysts have kept their NZ$9.46 price target on Chorus broadly steady, citing only small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in their outlook. What's in the News Chorus has set the foreign exchange rate for its HY26 unimputed interim dividend to Australian investors at NZ$0.82484 per A$1.00.
Narrative Update Mar 23

CNU: Stable Assumptions And Minor Model Tweaks Will Guide Balanced Outlook

Analysts have kept their NZ$9.46 fair value estimate for Chorus broadly unchanged, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions to reflect updated modelling rather than a shift in overall conviction. Valuation Changes Fair Value: The fair value estimate of NZ$9.46 per share is unchanged in both the prior and updated models.
Narrative Update Mar 08

CNU: Higher Profitability Assumptions And P/E Expectations Will Shape Balanced Outlook

Analysts have lifted their NZ$ fair value estimate for Chorus slightly to NZ$9.46. This reflects updated assumptions around revenue growth, profit margins and P/E expectations.
Narrative Update Feb 20

CNU: Debt Offering And Lower Future P/E Will Shape Balanced Outlook

Analysts have trimmed their Chorus price target to NZ$44.10 from NZ$54.15, reflecting updated assumptions around discount rates, profit margins, and a lower future P/E multiple, while keeping their fair value estimate steady at NZ$9.45. What's in the News MUFG Securities Asia (Singapore) Limited has been added as a co lead underwriter for Chorus Limited's €400 million fixed income offering (Key Developments).
Narrative Update Feb 03

CNU: Debt Offering And Refined Assumptions Will Guide Balanced Outlook

Analysts have slightly raised their price target on Chorus, lifting fair value from $9.37 to $9.45. They cited modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions.
Narrative Update Jan 20

CNU: Debt Offering And Revised Assumptions Will Shape Balanced Outlook

Analysts have increased their fair value estimate for Chorus from A$9.09 to A$9.37, reflecting updated assumptions regarding the discount rate, modest revenue growth, profit margin and future P/E expectations. What's in the News MUFG Securities Asia (Singapore) Limited has been added as a co lead underwriter for Chorus Limited's €400 million fixed income offering (Key Developments).
Analysis Article Sep 16

Is Chorus (NZSE:CNU) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Aug 27

80% Fiber Uptake Will Transform Fixed Network Connectivity

The consensus analyst price target for Chorus has increased to NZ$9.09, as a notable rise in the expected future P/E multiple has more than offset a slight downgrade in forecast revenue growth. Valuation Changes Summary of Valuation Changes for Chorus The Consensus Analyst Price Target has risen slightly from NZ$8.74 to NZ$9.09.
Analysis Article Aug 20

Investors Met With Slowing Returns on Capital At Chorus (NZSE:CNU)

NZSE:CNU 1 Year Share Price vs Fair Value Explore Chorus's Fair Values from the Community and select yours What trends...
User avatar
New Narrative Jul 26

80% Fiber Uptake Will Transform Fixed Network Connectivity

Accelerated fiber rollout, rising data usage, and regulatory predictability boost margins, cash flow, and support stable, inflation-linked returns with sustainable dividend growth.
Analysis Article May 26

These 4 Measures Indicate That Chorus (NZSE:CNU) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Apr 29

Returns On Capital At Chorus (NZSE:CNU) Have Stalled

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Feb 26

Chorus (NZSE:CNU) Is Due To Pay A Dividend Of NZ$0.23

Chorus Limited ( NZSE:CNU ) will pay a dividend of NZ$0.23 on the 15th of April. This makes the dividend yield 6.9...
Analysis Article Feb 19

Chorus Limited's (NZSE:CNU) Business Is Yet to Catch Up With Its Share Price

Chorus Limited's ( NZSE:CNU ) price-to-sales (or "P/S") ratio of 3.8x may look like a poor investment opportunity when...
Analysis Article Jan 20

Slowing Rates Of Return At Chorus (NZSE:CNU) Leave Little Room For Excitement

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
Analysis Article Nov 27

Is Chorus (NZSE:CNU) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 31

Chorus Limited's (NZSE:CNU) Popularity With Investors Is Under Threat From Overpricing

Chorus Limited's ( NZSE:CNU ) price-to-sales (or "P/S") ratio of 3.8x may look like a poor investment opportunity when...
Analysis Article Oct 04

Chorus (NZSE:CNU) Hasn't Managed To Accelerate Its Returns

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Analysis Article Aug 29

Chorus Limited Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

It's been a good week for Chorus Limited ( NZSE:CNU ) shareholders, because the company has just released its latest...
Analysis Article Aug 28

Chorus' (NZSE:CNU) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Chorus Limited ( NZSE:CNU ) has announced that it will be paying its dividend of NZ$0.285 on the 8th of...
Analysis Article Jun 05

Chorus (NZSE:CNU) Hasn't Managed To Accelerate Its Returns

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article Mar 20

Chorus Limited's (NZSE:CNU) Shares May Have Run Too Fast Too Soon

When you see that almost half of the companies in the Telecom industry in New Zealand have price-to-sales ratios (or...
Analysis Article Mar 01

Chorus (NZSE:CNU) Is Due To Pay A Dividend Of NZ$0.19

The board of Chorus Limited ( NZSE:CNU ) has announced that it will pay a dividend on the 16th of April, with investors...
Analysis Article Feb 26

The Returns On Capital At Chorus (NZSE:CNU) Don't Inspire Confidence

What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...
Analysis Article Nov 01

Here's Why It's Unlikely That Chorus Limited's (NZSE:CNU) CEO Will See A Pay Rise This Year

Key Insights Chorus to hold its Annual General Meeting on 8th of November Salary of NZ$1.34m is part of CEO JB...
Analysis Article Oct 03

Is Chorus (NZSE:CNU) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Sep 06

Chorus (NZSE:CNU) Will Pay A Larger Dividend Than Last Year At NZ$0.255

The board of Chorus Limited ( NZSE:CNU ) has announced that it will be paying its dividend of NZ$0.255 on the 10th of...
Analysis Article Aug 23

Chorus (NZSE:CNU) Has Announced That It Will Be Increasing Its Dividend To NZ$0.255

The board of Chorus Limited ( NZSE:CNU ) has announced that it will be paying its dividend of NZ$0.255 on the 10th of...
Analysis Article Jul 27

Investors Could Be Concerned With Chorus' (NZSE:CNU) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Jul 07

Are Investors Undervaluing Chorus Limited (NZSE:CNU) By 44%?

Key Insights The projected fair value for Chorus is NZ$14.54 based on 2 Stage Free Cash Flow to Equity Chorus is...
Analysis Article Mar 30

These 4 Measures Indicate That Chorus (NZSE:CNU) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 15

Are Investors Undervaluing Chorus Limited (NZSE:CNU) By 47%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Chorus fair value estimate is NZ$14.69 Chorus' NZ$7.78 share...
Analysis Article Feb 27

Chorus' (NZSE:CNU) Soft Earnings Don't Show The Whole Picture

Soft earnings didn't appear to concern Chorus Limited's ( NZSE:CNU ) shareholders over the last week. Our analysis...
Analysis Article Jan 18

Chorus' (NZSE:CNU) Returns On Capital Not Reflecting Well On The Business

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article Dec 25

Chorus (NZSE:CNU) Use Of Debt Could Be Considered Risky

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Dec 13

Is Chorus Limited (NZSE:CNU) Trading At A 40% Discount?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Chorus Limited...
Analysis Article Sep 07

Chorus' (NZSE:CNU) Dividend Will Be Increased To NZ$0.21

The board of Chorus Limited ( NZSE:CNU ) has announced that it will be paying its dividend of NZ$0.21 on the 11th of...
Analysis Article Aug 24

Chorus (NZSE:CNU) Will Pay A Larger Dividend Than Last Year At NZ$0.21

The board of Chorus Limited ( NZSE:CNU ) has announced that it will be paying its dividend of NZ$0.21 on the 11th of...
Analysis Article Jun 23

Investors Could Be Concerned With Chorus' (NZSE:CNU) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: CNU's dividends per share have been stable in the past 10 years.

Growing Dividend: CNU's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Chorus Dividend Yield vs Market
How does CNU dividend yield compare to the market?
SegmentDividend Yield
Company (CNU)6.1%
Market Bottom 25% (NZ)3.3%
Market Top 25% (NZ)6.3%
Industry Average (Telecom)4.4%
Analyst forecast (CNU) (up to 3 years)6.7%

Notable Dividend: CNU's dividend (6.07%) is higher than the bottom 25% of dividend payers in the NZ market (3.27%).

High Dividend: CNU's dividend (6.07%) is low compared to the top 25% of dividend payers in the NZ market (6.27%).


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (1365%), CNU's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (156.7%), CNU's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/19 06:21
End of Day Share Price 2026/06/19 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Chorus Limited is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ian MartinCGS International
Roger SamuelCLSA
Geoff ZameDeutsche Bank