Toromont Industries Ltd. (TSE:TIH) Declares $0.56 Quarterly Dividend

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, September 4th. Shareholders 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 yield of 1.2%. The ex-dividend date is Friday, September 4th.

Toromont Industries Stock Performance

Shares of TIH opened at C$191.37 on Wednesday. Toromont Industries has a 1 year low of C$141.39 and a 1 year high of C$243.50. The company has a debt-to-equity ratio of 24.76, a current ratio of 2.73 and a quick ratio of 1.38. The stock’s fifty day moving average price is C$219.12 and its two-hundred day moving average price is C$213.40. The firm has a market cap of C$15.61 billion, a PE ratio of 30.47, a PEG ratio of 3.72 and a beta of 0.97.

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

Toromont Industries Company Profile

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.