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

Shares of Toromont Industries (TSE:TIH) traded down C$0.85 during midday trading on Friday, hitting C$55.90. The stock had a trading volume of 275,600 shares, compared to its average volume of 114,891. Toromont Industries has a fifty-two week low of C$41.10 and a fifty-two week high of C$58.44.

In other Toromont Industries news, insider David Wetherald sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$56.75, for a total value of C$227,000.00. Also, insider David Allan Malinauskas sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of C$53.50, for a total value of C$85,600.00. Insiders sold 31,048 shares of company stock valued at $1,718,635 over the last 90 days.

TIH has been the subject of several analyst reports. National Bank Financial boosted their price objective on Toromont Industries from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 5th. Raymond James Financial boosted their price objective on Toromont Industries from C$55.00 to C$58.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 29th. TD Securities upgraded Toromont Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$48.00 to C$65.00 in a research report on Wednesday, September 20th. Canaccord Genuity boosted their price objective on Toromont Industries from C$50.00 to C$58.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank boosted their price objective on Toromont Industries from C$53.00 to C$59.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Toromont Industries has a consensus rating of “Hold” and an average price target of C$57.63.

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About Toromont Industries

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)

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