Toromont Industries Ltd. (TIH) to Distribute Quarterly Dividend of $0.56 on October 2nd

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, September 4th. Stockholders of record on Friday, October 2nd will be given a dividend of 0.56 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th.

Toromont Industries Stock Down 4.4%

Shares of Toromont Industries stock opened at C$191.37 on Wednesday. The company has a debt-to-equity ratio of 24.76, a quick ratio of 1.38 and a current ratio of 2.73. Toromont Industries has a 52-week low of C$141.39 and a 52-week high of C$243.50. The company’s 50 day moving average price is C$219.12 and its 200-day moving average price is C$213.40. The stock has a market capitalization of C$15.61 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 3.72 and a beta of 0.97.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$2.20 EPS for the quarter. The company had revenue of C$1.60 billion during the quarter. Toromont Industries had a net margin of 9.26% and a return on equity of 15.53%. Equities research analysts forecast that Toromont Industries will post 6.5892495 EPS for the current year.

About Toromont Industries

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.