Toro Corp. Declares Dividend of $1.75 (NASDAQ:TORO)

Toro Corp. (NASDAQ:TORO) declared 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 of this dividend is Tuesday, January 20th.

Toro Stock Performance

Shares of NASDAQ TORO traded down $0.11 during mid-day trading on Friday, reaching $5.46. The company had a trading volume of 129,424 shares, compared to its average volume of 103,032. Toro has a twelve month low of $1.70 and a twelve month high of $6.15. The stock’s 50 day moving average is $4.86 and its 200-day moving average is $3.78. The stock has a market capitalization of $117.23 million, a PE ratio of 136.53 and a beta of 1.14.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Toro in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Toro Company Profile

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.