Toromont Industries Ltd (TSE:TIH) announced a quarterly dividend on Thursday, February 22nd, Zacks reports. Investors of record on Friday, March 9th will be given a dividend of 0.23 per share on Monday, April 2nd. This represents a $0.92 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Toromont Industries’s previous quarterly dividend of $0.19.
Shares of Toromont Industries (TIH) opened at C$55.54 on Wednesday. The stock has a market cap of $4,500.00, a price-to-earnings ratio of 25.25 and a beta of 0.72. Toromont Industries has a twelve month low of C$43.51 and a twelve month high of C$58.79.
In other Toromont Industries news, Director Randall Casson sold 10,000 shares of Toromont Industries stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$57.30, for a total transaction of C$573,000.00. Also, insider Paul Randolph Jewer sold 600 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$56.50, for a total value of C$33,900.00. Insiders sold 16,700 shares of company stock valued at $944,230 over the last three months.
About Toromont Industries
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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