Toromont Industries Ltd (TSE:TIH) to Issue Quarterly Dividend of $0.23

Toromont Industries Ltd (TSE:TIH) announced a quarterly dividend on Thursday, February 22nd, Zacks reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.23 per share on Monday, April 2nd. This represents a $0.92 annualized dividend and a yield of 1.64%. 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.

TIH stock traded up C$0.56 during mid-day trading on Thursday, hitting C$55.93. 146,700 shares of the stock were exchanged, compared to its average volume of 117,937. Toromont Industries has a 12 month low of C$43.51 and a 12 month high of C$58.79. The firm has a market cap of $4,500.00, a P/E ratio of 25.42 and a beta of 0.72.

Toromont Industries (TSE:TIH) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.66 by C$0.07. Toromont Industries had a return on equity of 22.73% and a net margin of 7.19%. The firm had revenue of C$822.80 million during the quarter, compared to analyst estimates of C$728.00 million.

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price target on Toromont Industries from C$59.00 to C$62.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. TD Securities lifted their price objective on Toromont Industries from C$65.00 to C$67.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Royal Bank of Canada lifted their price objective on Toromont Industries from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Raymond James Financial lifted their price objective on Toromont Industries from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Scotiabank lifted their price objective on Toromont Industries from C$59.00 to C$61.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$62.50.

In related news, Director Randall Casson sold 10,000 shares of the business’s stock in a transaction dated 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 business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$56.50, for a total value of C$33,900.00. In the last quarter, insiders sold 20,200 shares of company stock worth $1,138,095.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://baseballnewssource.com/2018/03/29/toromont-industries-ltd-tih-declares-dividend-increase-0-23-per-share/1971955.html.

Toromont Industries Company Profile

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.

Dividend History for Toromont Industries (TSE:TIH)

Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.