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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 dateDividend amountDividend typePay date
2024-09-06$0.36quarterly2024-10-02
2024-06-07$0.35quarterly2024-07-05
2024-03-07$0.35quarterly
2023-12-07$0.32quarterly2024-01-04
2023-09-07$0.32quarterly2023-10-04
2023-06-08$0.32quarterly2023-07-05
2023-03-08$0.31quarterly2023-04-04
2022-12-07$0.29quarterly2023-01-05
2022-09-07$0.30quarterly2022-10-04
2022-06-08$0.31quarterly2022-07-05
2022-03-08$0.30quarterly2022-04-04
2021-12-07$0.27quarterly2022-01-05
2021-09-07$0.28quarterly2021-10-04
2021-06-08$0.29quarterly2021-07-05
2021-03-08$0.24quarterly2021-04-01
2020-12-08$0.24quarterly2021-01-05
2020-09-04$0.24quarterly2020-10-02
2020-06-08$0.23quarterly2020-07-03
2020-03-06$0.23quarterly2020-04-02
2019-12-06$0.20quarterly2020-01-03
2019-09-05$0.20quarterly2019-10-02
2019-06-06$0.20quarterly2019-07-03
2018-12-06$0.17quarterly2019-01-03
2018-09-06$0.17quarterly2018-10-02
2018-06-07$0.18quarterly2018-07-03
2018-03-08$0.18quarterly2018-04-02
2017-12-07$0.15quarterly2018-01-03
2017-09-07$0.15quarterly2017-10-02
2017-06-07$0.14quarterly2017-07-04
2017-03-08$0.14quarterly2017-04-03
2016-12-07$0.14quarterly
2016-09-07$0.14quarterly
2016-06-08$0.14quarterly
2016-03-08$0.14quarterly
2015-12-08$0.13quarterly
2015-09-09$0.13quarterly
2015-06-09$0.14quarterly
2015-03-11$0.13quarterly
2014-12-09$0.13quarterly
2014-09-09$0.14quarterly
2014-06-11$0.14quarterly
2014-03-11$0.14quarterly
2013-12-09$0.12quarterly

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

P/E ratio19.53
PEG ratio0.14
P/B ratio3.60
ROE19.11%
Payout ratio28.13%
Current ratio2.64
Quick ratio1.42
Cash Ratio0.75

Toromont Industries Dividend FAQ

How much is the next Toromont Industries dividend?
Toromont Industries's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Toromont Industries dividend. The next Toromont Industries dividend will be released in March, June, September, or December.
When is Toromont Industries dividend paid?
Toromont Industries pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Toromont Industries pay?
The specific amount of Toromont Industries dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Toromont Industries's dividend history.
Does Toromont Industries stock pay dividends?
Yes, Toromont Industries does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Toromont Industries's dividend history.
How much dividend does Toromont Industries pay?
Toromont Industries paid $1.062 in 2024, $1.266 in 2023, $1.197 in 2022, $1.087 in 2021, and $0.941 in 2020.
How often does Toromont Industries pay dividends?
Toromont Industries typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Toromont Industries's dividend yield?
The current dividend yield for Toromont Industries is 1.4%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Toromont Industries's exact dividend yield.
When does Toromont Industries go ex dividend?
Toromont Industries's ex-dividend date for the latest dividend was on 2024-09-06. Toromont Industries typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Toromont Industries dividend paid?
Toromont Industries pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Toromont Industries increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Toromont Industries will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Toromont Industries dividend per share?
Toromont Industries paid $1.062 per share in 2024 and $1.266 per share in 2023. The amount of dividend per share that Toromont Industries pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Toromont Industries a dividend aristocrat?
No, 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 Toromont Industries a dividend king?
No, 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 Toromont Industries a dividend stock?
Yes, Toromont Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Toromont Industries a good dividend stock?
Whether Toromont Industries is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Toromont Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Toromont Industries pay dividends monthly?
Toromont Industries typically pays dividends on a quarterly basis.
Does Toromont Industries pay dividends quarterly?
Toromont Industries currently pays dividends on a quarterly basis.
Has Toromont Industries ever paid a dividend?
Yes, Toromont Industries has a history of paying dividends to its shareholders. Toromont Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Toromont Industries dividend stocks?
To buy Toromont Industries 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Toromont Industries 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.
When does Toromont Industries pay dividends 2024?
Toromont Industries pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-02. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Toromont Industries increase its dividend in 2024?
Decisions regarding Toromont Industries dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Toromont Industries dividend overview you can look into the above table of dividend history.
How Toromont Industries dividend works?
The Toromont Industries dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Toromont Industries's dividend process works:

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.
How are Toromont Industries dividends paid?
Toromont Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Toromont Industries pay dividends?
Toromont Industries typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Toromont Industries pay dividends?
The general pattern is that Toromont Industries pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Toromont Industries dividend safe?
The safety of Toromont Industries's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.