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.
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.
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $4.41 | awaiting T+20 | — | $4.35 (−1.36%) |
Oct 9, 2026 17d ago | 6-K | $4.41 | awaiting T+20 | — | $4.35 (−1.36%) |
Oct 9, 2026 17d ago | 6-K | $4.41 | awaiting T+20 | — | $4.35 (−1.36%) |
Sep 22, 2026 5w ago | 6-K | $5.74 $3.93 | ▼ −31.53% | ▼ −30.97% | $4.35 (−24.22%) |
Sep 18, 2026 5w ago | 6-K | $5.98 $4.14 | ▼ −30.77% | ▼ −30.97% | $4.35 (−27.26%) |
Sep 18, 2026 5w ago | Press Release | $5.98 $4.14 | ▼ −30.77% | ▼ −30.97% | $4.35 (−27.26%) |
Jul 20, 2026 14w ago | 6-K | $4.91 $5.62 | ▲ +14.46% | ▲ +10.34% | $4.35 (−11.41%) |
Jun 5, 2026 20w ago | 6-K | $5.02 $4.98 | ▲ +0.80% | ▲ +2.66% | $4.35 (+13.35%) |
May 28, 2026 21w ago | 6-K | $5.08 $4.84 | ▲ +4.72% | ▲ +1.58% | $4.35 (+14.37%) |
May 28, 2026 21w ago | Press Release | $5.08 $4.84 | ▲ +4.72% | ▲ +1.58% | $4.35 (+14.37%) |
US Market Status
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