Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Thursday, December 7th, TickerTech reports. Shareholders of record on Wednesday, January 3rd will be given a dividend of 0.19 per share on Wednesday, January 3rd. This represents a $0.76 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 7th.

Toromont Industries (TSE TIH) traded down C$0.85 during midday trading on Friday, reaching C$55.90. The company’s stock had a trading volume of 275,600 shares, compared to its average volume of 114,891. Toromont Industries has a 12-month low of C$41.10 and a 12-month high of C$58.44.

Several equities research analysts have commented on the company. National Bank Financial boosted their target price on Toromont Industries from C$60.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. Scotiabank boosted their target price on Toromont Industries from C$53.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. Raymond James Financial boosted their target price on Toromont Industries from C$58.50 to C$63.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. BMO Capital Markets restated a “market perform” rating and issued a C$58.00 target price on shares of Toromont Industries in a research note on Monday, October 16th. Finally, TD Securities upgraded Toromont Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$48.00 to C$65.00 in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$57.63.

In related news, Director Scott Medhurst sold 4,848 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$52.50, for a total value of C$254,520.00. Also, insider Paul Randolph Jewer sold 500 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$52.90, for a total value of C$26,450.00. In the last quarter, insiders have sold 31,048 shares of company stock worth $1,718,635.

WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/02/toromont-industries-ltd-declares-quarterly-dividend-of-0-19-tih.html.

Toromont Industries Company Profile

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.

Dividend History for Toromont Industries (TSE:TIH)

Receive News & Ratings for Toromont Industries Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.