Toromont Industries Ltd. (TIH) To Go Ex-Dividend on March 6th

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, March 6th, TickerTech Dividends reports. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.56 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a 7.7% increase from Toromont Industries’s previous quarterly dividend of $0.52.

Toromont Industries Stock Performance

TSE TIH opened at C$210.32 on Wednesday. The firm has a market capitalization of C$17.13 billion, a P/E ratio of 34.65, a P/E/G ratio of 3.72 and a beta of 0.52. Toromont Industries has a 1-year low of C$107.32 and a 1-year high of C$215.58. The company has a debt-to-equity ratio of 25.87, a current ratio of 2.93 and a quick ratio of 1.38. The business’s 50-day simple moving average is C$183.42 and its 200-day simple moving average is C$165.89.

Toromont Industries (TSE:TIH) last posted its earnings results on Tuesday, February 10th. The company reported C$1.92 earnings per share (EPS) for the quarter. The firm had revenue of C$1.42 billion during the quarter. Toromont Industries had a net margin of 9.54% and a return on equity of 15.97%. Equities analysts predict that Toromont Industries will post 6.5892495 EPS for the current year.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.