Toromont Industries Ltd (TIH) Plans Quarterly Dividend of $0.23

Toromont Industries Ltd (TSE:TIH) declared a quarterly dividend on Thursday, December 6th, TickerTech reports. Investors of record on Thursday, January 3rd will be paid a dividend of 0.23 per share on Thursday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, December 6th.

Shares of Toromont Industries stock opened at C$57.58 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.69 and a debt-to-equity ratio of 50.26. Toromont Industries has a 52 week low of C$46.24 and a 52 week high of C$68.11.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Monday, November 5th. The company reported C$0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.01 by C($0.17). The business had revenue of C$900.09 million for the quarter, compared to the consensus estimate of C$1.03 billion. On average, research analysts anticipate that Toromont Industries will post 3.45000005280612 EPS for the current fiscal year.



A number of equities analysts have issued reports on the stock. National Bank Financial reduced their price target on shares of Toromont Industries from C$70.00 to C$66.00 and set an “outperform” rating for the company in a research report on Wednesday, November 7th. Raymond James reduced their price target on shares of Toromont Industries from C$71.00 to C$70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 7th. Royal Bank of Canada reduced their price target on shares of Toromont Industries from C$64.00 to C$62.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 7th. BMO Capital Markets dropped their price objective on shares of Toromont Industries from C$72.00 to C$70.00 and set an “average” rating on the stock in a research note on Wednesday, November 7th. Finally, Scotiabank reaffirmed a “neutral” rating and set a C$64.00 price objective on shares of Toromont Industries in a research note on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$66.25.

In other news, Director Katherine Anne Rethy acquired 1,700 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were acquired at an average price of C$59.80 per share, with a total value of C$101,660.00. Insiders have bought a total of 1,752 shares of company stock worth $104,844 in the last ninety days.

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Toromont Industries Company Profile

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is involved in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in a variety of applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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Dividend History for Toromont Industries (TSE:TIH)

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