TORO TORO CORP.
Price Chart
Executive Summary
Toro Corp. declared a one-time special dividend of $0.90 per common share, payable in cash or company stock on June 5, 2026, to shareholders of record as of May 4, 2026. Shareholders may elect to receive shares based on a 20-day volume-weighted average price of $3.8821 per share.
Actionable Insight
Monitor shareholder election patterns by May 22, 2026 deadline, as the choice between cash and stock could impact near-term cash position and share count. Given the company's recent spin-off and strategic shift, this special dividend may represent capital return from asset sales.
Key Facts
- Special dividend of $0.90 per common share declared
- Dividend payable on June 5, 2026 to shareholders of record as of May 4, 2026
- Shareholders may elect to receive dividend in cash or common shares
- Share dividend based on 20-day VWAP of $3.8821 per share as of April 21, 2026
- Company reserves right to pay entirely in cash regardless of shareholder election
- Dividend expected to be taxable regardless of form received
Financial Impact
Special dividend of $0.90 per share on approximately 125.6 million shares outstanding (based on $113M market cap and $0.899/share price), totaling approximately $113 million
Risk Factors
- Company may pay entirely in cash despite shareholder elections, limiting shareholder choice
- Stock price may adjust downward by approximately $0.90 on ex-dividend date
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001140361-26-016045 |
| Document: ef20070677_6k.htm | 0001140361-26-016045 |
| Document: 0001140361-26-016045-index-headers.html | 0001140361-26-016045 |
| Document: 0001140361-26-016045-index.html | 0001140361-26-016045 |
| Document: 0001140361-26-016045.txt | 0001140361-26-016045 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 5, 2026
18d ago
|
6-K
| $6.49 $5.40 | ▼ −16.80% | ▼ −18.78% | $5.31 (−18.18%) |
|
Apr 22, 2026
4w ago
|
6-K
| $5.96 $7.01 | ▲ +17.55% | ▲ +17.50% | $5.31 (−10.96%) |
|
Apr 22, 2026
4w ago
|
Press Release
| $5.96 $7.01 | ▲ +17.55% | ▲ +17.50% | $5.31 (−10.96%) |
|
Apr 15, 2026
5w ago
|
Press Release
| $3.41 $6.67 | ▲ +95.74% | ▲ +94.75% | $5.31 (+55.82%) |
|
Apr 15, 2026
5w ago
|
20-F
| $3.43 $6.76 | ▲ +96.70% | ▲ +95.06% | $5.31 (+54.63%) |
|
Apr 15, 2026
5w ago
|
6-K
| $3.43 $6.76 | ▲ +96.70% | ▲ +95.06% | $5.31 (+54.63%) |
|
Apr 15, 2026
5w ago
|
Press Release
| $3.43 $6.76 | ▲ +96.70% | ▲ +95.06% | $5.31 (+54.63%) |
|
Apr 2, 2026
7w ago
|
6-K
| $3.42 $3.87 | ▲ +13.27% | ▲ +9.66% | $5.31 (+55.42%) |
|
Apr 2, 2026
7w ago
|
Press Release
| $3.42 $3.87 | ▲ +13.27% | ▲ +9.66% | $5.31 (+55.42%) |
US Market Status
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