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Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.

Toro Corporation Dividend Announcement

• Toro Corporation does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Toro Corporation dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Toro Corporation Dividend History

Toro Corporation Dividend Yield

Toro Corporation current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Toro Corporation stock? Use our calculator to estimate your expected dividend yield:

Toro Corporation Financial Ratios

P/E ratio0.64
PEG ratio-0.01
P/B ratio0.16
ROE34.11%
Payout ratio1.74%
Current ratio34.24
Quick ratio34.21
Cash Ratio33.61

Toro Corporation Dividend FAQ

Does Toro Corporation stock pay dividends?
Toro Corporation does not currently pay dividends to its shareholders.
Has Toro Corporation ever paid a dividend?
No, Toro Corporation has no a history of paying dividends to its shareholders. Toro Corporation is not known for its dividend payments.
Why doesn't Toro Corporation pay dividends?
There are several potential reasons why Toro Corporation would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Toro Corporation ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Toro Corporation has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Toro Corporation a dividend aristocrat?
Toro Corporation is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Toro Corporation a dividend king?
Toro Corporation is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Toro Corporation a dividend stock?
No, Toro Corporation is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Toro Corporation stocks?
To buy Toro Corporation you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Toro Corporation stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.