Toromont Industries Ltd (TIH) to Issue Quarterly Dividend of $0.23
Toromont Industries Ltd (TSE:TIH) declared a quarterly dividend on Thursday, February 22nd, Zacks reports. Stockholders of record on Friday, March 9th will be given a dividend of 0.23 per share on Monday, April 2nd. This represents a $0.92 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, March 8th. This is an increase from Toromont Industries’s previous quarterly dividend of $0.19.
Toromont Industries (TSE:TIH) traded up C$0.07 during mid-day trading on Friday, hitting C$57.94. The stock had a trading volume of 207,386 shares, compared to its average volume of 112,090. The company has a market cap of $4,690.00, a P/E ratio of 26.34 and a beta of 0.72. Toromont Industries has a 12 month low of C$43.51 and a 12 month high of C$58.79.
In other Toromont Industries news, insider Paul Randolph Jewer sold 600 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$56.50, for a total value of C$33,900.00. Also, Director Randall Casson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$57.30, for a total value of C$573,000.00. In the last 90 days, insiders sold 10,700 shares of company stock valued at $612,366.
About Toromont Industries
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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