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.
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.
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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.
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