Toromont Industries Ltd. (TSE:TIH) Increases Dividend to $0.56 Per Share

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 given a dividend of 0.56 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 6th. This is a 7.7% increase from Toromont Industries’s previous quarterly dividend of $0.52.

Toromont Industries Stock Performance

Shares of TSE:TIH opened at C$210.32 on Wednesday. Toromont Industries has a 12-month low of C$107.32 and a 12-month high of C$215.58. The company’s 50 day moving average price is C$183.42 and its two-hundred day moving average price is C$165.89. The firm has a market cap of C$17.13 billion, a PE ratio of 34.65, a PEG ratio of 3.72 and a beta of 0.52. The company has a quick ratio of 1.38, a current ratio of 2.93 and a debt-to-equity ratio of 25.87.

Toromont Industries (TSE:TIH) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$1.92 earnings per share for the quarter. The company 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 research analysts predict that Toromont Industries will post 6.5892495 earnings per share for the current year.

Insider Buying and Selling at Toromont Industries

In related news, insider Jennifer Cochrane sold 5,000 shares of Toromont Industries stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of C$165.00, for a total transaction of C$825,000.00. Following the sale, the insider directly owned 12,012 shares of the company’s stock, valued at approximately C$1,981,980. The trade was a 29.39% decrease in their position. Insiders own 0.27% of the company’s stock.

About Toromont Industries

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.