DividendMay 5, 2026, 08:36 AM
Toro Corp. Notifies Shareholders of $0.90 Dividend Election
AI Summary
Toro Corp. has begun sending notices to shareholders regarding the special dividend of $0.90 per share, declared on April 22, 2026. Shareholders of record as of May 4, 2026, have the option to receive the dividend entirely in cash or entirely in common shares. The dividend is expected to be paid on June 5, 2026, with common shares valued at $3.8821 per share for those electing stock. The deadline for shareholders to elect to receive shares is May 22, 2026.
Key Highlights
- Toro Corp. announced a special dividend of $0.90 per common share.
- Shareholders of record as of May 4, 2026, are eligible for the dividend.
- The dividend is expected to be paid on June 5, 2026.
- Shareholders can elect to receive the dividend entirely in cash or common shares.
- Common shares for the dividend are valued at $3.8821 per share.
- The deadline for dividend share election is May 22, 2026, 5:00 P.M. ET.
- Toro Corp. reserves the right to pay the dividend entirely in cash until June 4, 2026.
Price Impact
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