Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.
Toromont Industries Dividend Announcement
• Toromont Industries announced a quarterly dividend of $0.36 per ordinary share which will be made payable on 2024-10-02. Ex dividend date: 2024-09-06
• Toromont Industries annual dividend for 2024 was $1.06
• Toromont Industries annual dividend for 2023 was $1.27
• Toromont Industries's trailing twelve-month (TTM) dividend yield is 1.4%
• Toromont Industries's payout ratio for the trailing twelve months (TTM) is 28.13%
• Toromont Industries's dividend growth over the last five years (2018-2023) was 12.49% year
• Toromont Industries's dividend growth over the last ten years (2013-2023) was 26.36% year
Toromont Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-06 | $0.36 | quarterly | 2024-10-02 |
2024-06-07 | $0.35 | quarterly | 2024-07-05 |
2024-03-07 | $0.35 | quarterly | |
2023-12-07 | $0.32 | quarterly | 2024-01-04 |
2023-09-07 | $0.32 | quarterly | 2023-10-04 |
2023-06-08 | $0.32 | quarterly | 2023-07-05 |
2023-03-08 | $0.31 | quarterly | 2023-04-04 |
2022-12-07 | $0.29 | quarterly | 2023-01-05 |
2022-09-07 | $0.30 | quarterly | 2022-10-04 |
2022-06-08 | $0.31 | quarterly | 2022-07-05 |
2022-03-08 | $0.30 | quarterly | 2022-04-04 |
2021-12-07 | $0.27 | quarterly | 2022-01-05 |
2021-09-07 | $0.28 | quarterly | 2021-10-04 |
2021-06-08 | $0.29 | quarterly | 2021-07-05 |
2021-03-08 | $0.24 | quarterly | 2021-04-01 |
2020-12-08 | $0.24 | quarterly | 2021-01-05 |
2020-09-04 | $0.24 | quarterly | 2020-10-02 |
2020-06-08 | $0.23 | quarterly | 2020-07-03 |
2020-03-06 | $0.23 | quarterly | 2020-04-02 |
2019-12-06 | $0.20 | quarterly | 2020-01-03 |
2019-09-05 | $0.20 | quarterly | 2019-10-02 |
2019-06-06 | $0.20 | quarterly | 2019-07-03 |
2018-12-06 | $0.17 | quarterly | 2019-01-03 |
2018-09-06 | $0.17 | quarterly | 2018-10-02 |
2018-06-07 | $0.18 | quarterly | 2018-07-03 |
2018-03-08 | $0.18 | quarterly | 2018-04-02 |
2017-12-07 | $0.15 | quarterly | 2018-01-03 |
2017-09-07 | $0.15 | quarterly | 2017-10-02 |
2017-06-07 | $0.14 | quarterly | 2017-07-04 |
2017-03-08 | $0.14 | quarterly | 2017-04-03 |
2016-12-07 | $0.14 | quarterly | |
2016-09-07 | $0.14 | quarterly | |
2016-06-08 | $0.14 | quarterly | |
2016-03-08 | $0.14 | quarterly | |
2015-12-08 | $0.13 | quarterly | |
2015-09-09 | $0.13 | quarterly | |
2015-06-09 | $0.14 | quarterly | |
2015-03-11 | $0.13 | quarterly | |
2014-12-09 | $0.13 | quarterly | |
2014-09-09 | $0.14 | quarterly | |
2014-06-11 | $0.14 | quarterly | |
2014-03-11 | $0.14 | quarterly | |
2013-12-09 | $0.12 | quarterly |
Toromont Industries Dividend per year
Toromont Industries Dividend growth
Toromont Industries Dividend Yield
Toromont Industries current trailing twelve-month (TTM) dividend yield is 1.4%. Interested in purchasing Toromont Industries stock? Use our calculator to estimate your expected dividend yield:
Toromont Industries Financial Ratios
Toromont Industries Dividend FAQ
Other factors to consider when evaluating Toromont Industries as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Toromont Industries's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Toromont Industries publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Toromont Industries distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Toromont Industries are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Toromont Industries sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Toromont Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Toromont Industries declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Toromont Industries's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Toromont Industries's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.