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

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, June 5th, TickerTech Dividends reports. Investors of record on Thursday, July 2nd will be given a dividend of 0.56 per share on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, June 5th.

Toromont Industries Stock Performance

TIH opened at C$223.62 on Wednesday. The business has a fifty day simple moving average of C$210.35 and a 200 day simple moving average of C$189.93. The company has a market capitalization of C$18.23 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.72 and a beta of 0.96. Toromont Industries has a 1 year low of C$117.38 and a 1 year high of C$229.16. The company has a debt-to-equity ratio of 25.19, a current ratio of 3.17 and a quick ratio of 1.38.

Toromont Industries (TSE:TIH) last posted its quarterly earnings data on Tuesday, April 28th. The company reported C$1.13 earnings per share (EPS) for the quarter. The firm had revenue of C$1.23 billion during the quarter. Toromont Industries had a net margin of 9.64% and a return on equity of 16.06%. Research analysts expect 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.