Toromont Industries About To Put More Money In Your Pocket (TIH)

On 9/9/14, Toromont Industries Ltd (TSX: TIH.TO) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 10/1/14. As a percentage of TIH's recent stock price of $27.05, this dividend works out to approximately 0.55%, so look for shares of Toromont Industries Ltd to trade 0.55% lower — all else being equal — when TIH shares open for trading on 9/9/14.

Below is a dividend history chart for TIH, showing historical dividends prior to the most recent $0.15 declared by Toromont Industries Ltd:

TIH+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TIH is likely to continue, and whether the current estimated yield of 2.22% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TIH shares, versus its 200 day moving average:

Toromont Industries Ltd 200 Day Moving Average Chart

Looking at the chart above, TIH's low point in its 52 week range is $22.01 per share, with $27.41 as the 52 week high point — that compares with a last trade of $27.05.

In Friday trading, Toromont Industries Ltd shares are currently off about 0.3% on the day.

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