Toro Stock Edges Up Before Dividend Cutoff
Toro Corp shares rose 9 cents to $5.30 in light Nasdaq trading Wednesday, ahead of Friday’s deadline for investors to elect a $0.90 special dividend in stock or cash. The company, which operates LPG and MR tankers, may still pay the dividend entirely in cash. Volume reached 36,848 shares. Toro reported $87.4 million in cash at year-end, with 2025 vessel revenue down 5.8% to $21.1 million.