Toromont Industries Ltd. (TSE:TIH) Plans Quarterly Dividend of $0.56

Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Friday, September 4th. Investors of record on Friday, October 2nd will be given a dividend of 0.56 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 4th.

Toromont Industries Stock Performance

TSE:TIH opened at C$191.37 on Wednesday. The business has a fifty day simple moving average of C$219.12 and a two-hundred day simple moving average of C$213.40. Toromont Industries has a 1 year low of C$141.39 and a 1 year high of C$243.50. The company has a market capitalization of C$15.61 billion, a P/E ratio of 30.47, a P/E/G ratio of 3.72 and a beta of 0.97. The company has a debt-to-equity ratio of 24.76, a current ratio of 2.73 and a quick ratio of 1.38.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$2.20 earnings per share (EPS) for the quarter. Toromont Industries had a net margin of 9.26% and a return on equity of 15.53%. The company had revenue of C$1.60 billion for the quarter. On average, analysts expect that Toromont Industries will post 6.5892495 earnings per share for the current year.

Toromont Industries Company Profile

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.