Toromont Industries Ltd. (TSE:TIH) Plans $0.52 Quarterly Dividend

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, December 5th, TickerTech Dividends reports. Investors of record on Monday, January 5th will be paid a dividend of 0.52 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, December 5th.

Toromont Industries Stock Up 0.4%

TSE TIH traded up C$0.67 during trading on Wednesday, hitting C$161.40. 28,429 shares of the company traded hands, compared to its average volume of 152,949. Toromont Industries has a 12 month low of C$107.32 and a 12 month high of C$168.56. The business has a fifty day simple moving average of C$159.79 and a 200 day simple moving average of C$142.04. The company has a market capitalization of C$13.13 billion, a P/E ratio of 26.68, a PEG ratio of 3.72 and a beta of 0.58. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04.

Toromont Industries (TSE:TIH) last released its quarterly earnings results on Thursday, October 30th. The company reported C$1.72 earnings per share (EPS) for the quarter. Toromont Industries had a return on equity of 17.74% and a net margin of 10.09%.The company had revenue of C$1.31 billion during the quarter. As a group, sell-side analysts predict 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.