Dec. 5 at 4:35 PM
Toro Corp announced a one-time special dividend of
$1.75 per common share — more than 25% of its current share price. The payout goes to shareholders of record as of December 16, 2025 and will be distributed on January 16, 2026. Investors may choose to receive the dividend in cash or stock.
For those opting for shares, the allocation will be based on a 20-day volume-weighted average price of
$3.8386 per share through December 4, 2025. Holders who do not submit an election form by January 5, 2026 will automatically receive cash.
The announcement follows strong third-quarter results, including
$5.4 million in revenue from continuing operations, up 1.9% year-over-year, and a 30% jump in net income to
$1.3 million. EPS improved to
$0.01 versus a loss of
$0.01 in the same period last year.
$TORO