Toromont Industries Ltd. (TIH) to Issue Quarterly Dividend of $0.56 on July 2nd

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

Toromont Industries Trading Up 1.4%

Toromont Industries stock opened at C$223.62 on Wednesday. The business has a 50-day simple moving average of C$210.35 and a two-hundred day simple moving average of C$189.93. The company has a market cap of C$18.23 billion, a P/E ratio of 35.55, a P/E/G ratio of 3.72 and a beta of 0.96. Toromont Industries has a 52-week low of C$117.38 and a 52-week high of C$229.16. The company has a quick ratio of 1.38, a current ratio of 3.17 and a debt-to-equity ratio of 25.19.

Toromont Industries (TSE:TIHGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$1.23 billion during the quarter. Toromont Industries had a return on equity of 16.06% and a net margin of 9.64%. Analysts predict that Toromont Industries will post 6.5892495 EPS for the current year.

Toromont Industries Company Profile

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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.

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Dividend History for Toromont Industries (TSE:TIH)

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