Toro Corp. (TORO) to Issue Dividend of $1.75 on January 16th

Toro Corp. (NASDAQ:TORO) announced a dividend on Friday, December 5th. Investors of record on Tuesday, December 16th will be given a dividend of 1.75 per share on Friday, January 16th. The ex-dividend date is Tuesday, January 20th.

Toro Stock Down 2.0%

TORO stock traded down $0.11 during trading on Friday, reaching $5.46. The stock had a trading volume of 129,424 shares, compared to its average volume of 103,032. The company has a market capitalization of $117.23 million, a price-to-earnings ratio of 136.53 and a beta of 1.14. Toro has a one year low of $1.70 and a one year high of $6.15. The company’s 50 day moving average is $4.86 and its two-hundred day moving average is $3.78.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.