Add as a preferred source on GoogleToromont Schedules C$0.56 Quarterly Dividend for Jan. 5
Shareholders must be on record at the close of business Dec. 7. The declaration came with third-quarter revenue up 26% and net earnings up 37% year over year.
Toromont Industries Ltd. set a C$0.56 quarterly dividend for Jan. 5, giving eligible shareholders a payout after the company paired the declaration with higher third-quarter revenue and earnings.
Toromont’s board approved the distribution Nov. 2, alongside results for the three months ended Sept. 30. Eligibility is based on share ownership recorded at the close of business Dec. 7.
Revenue reached C$1,652.1 million, up 26% from a year earlier. Net earnings rose 37% to C$192.1 million.
The amount matches Toromont’s July dividend approval, which also set the payment at C$0.56 per share. In February, the company increased its quarterly dividend by C$0.04, or 7.7%, to that level. The next payment is scheduled for Jan. 5, 2027.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.