How did Toro Corp determine the share price for its stock dividend election in April 2026?

Toro calculated the share portion of the dividend using a 20-day volume weighted average price . According to Toro, this VWAP was $3.8821 per share, based on trading prices on the Nasdaq through April 21, 2026, to set the stock-equivalent value.

Toro Corp. Announces Shareholder Election Results and Payment of Special Dividend

Q: What special dividend did Toro Corp (NASDAQ: TORO) pay on June 5, 2026?

Toro paid a special dividend of $0.90 per common share on June 5, 2026. According to Toro, shareholders could elect to receive the dividend in cash or in Toro common shares, based on a set volume weighted average price.

Q: How was Toro Corp's June 2026 special dividend split between cash and shares?

Toro’s special dividend was paid as approximately $3.8 million in cash and 5,707,246 common shares . According to Toro, shareholders chose their preferred form, resulting in this mix of cash payments and stock distributions for the $0.90 per share dividend.

Q: What record date applied to Toro Corp's $0.90 special dividend (TORO)?

The record date for Toro’s $0.90 special dividend was May 4, 2026 . According to Toro, shareholders owning TORO common stock on that date were eligible to receive the dividend, which was subsequently paid on June 5, 2026.

Q: What does Toro Corp’s June 2026 special dividend mean for TORO shareholders?

The special dividend provided an extra $0.90 per share in value to eligible shareholders. According to Toro, investors could choose cash or stock, affecting whether they realized immediate cash income or increased their holdings of TORO common shares.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Toro Corp. (NASDAQ: TORO) reported the results of shareholder elections for its special dividend of $0.90 per common share, declared on April 22, 2026.

The dividend, payable in cash or common shares, was paid on June 5, 2026 to shareholders of record on May 4, 2026. Elections resulted in approximately $3.8 million in cash and 5,707,246 common shares being distributed, with the share portion calculated using a 20-day volume weighted average price of $3.8821 per share.

Positive

Special dividend of $0.90 per common share paid to shareholders
Total cash distribution of approximately $3.8 million
Share-based portion of dividend totals 5,707,246 common shares
Dividend structure offers choice between cash or common shares

Negative

Dividend partly paid in stock rather than entirely in cash
Issuance of 5,707,246 new shares increases outstanding share count

News Market Reaction – TORO

-3.46%

-3.46% Session close to close

In the Jun 5 session, TORO declined 3.46%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/05/2026 - 09:00 AM

LIMASSOL, Cyprus, June 05, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), a global energy transportation provider today announces the results of shareholder elections relating to its special dividend declared by its Board of Directors on April 22, 2026. The dividend of $0.90 per common share consists of either cash or the Company’s common shares and was paid on June 5, 2026, to shareholders of record as of May 4, 2026.

Based on shareholder elections, the dividend was paid in the form of approximately $3.8 million in cash and 5,707,246 shares of the Company’s common stock. The number of common shares included for the common share dividend election was calculated based on the 20-day volume weighted average of the trading prices of the Company's common shares on the Nasdaq Stock Market through April 21, 2026, or $3.8821 per share.

If your shares are held through a bank, broker or nominee, and you have questions regarding the dividend, please contact such bank, broker or nominee. If you are a registered shareholder and you have questions regarding the dividend, you may call the election agent for the dividend, Broadridge Corporate Issuer Solutions, LLC, at (888) 789-8409.

About Toro Corp.

Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company’s fleet comprises two LPG carriers and two MR tanker vessels, transporting petrochemical gases and refined petroleum products worldwide.

Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol “TORO”.

For more information, please visit the Company’s website at www.torocorp.com. Information on our website does not constitute a part of this press release.

CONTACT DETAILS

For further information please contact:

Investor Relations
Toro Corp.
Email: ir@torocorp.com

FAQ

What special dividend did Toro Corp (NASDAQ: TORO) pay on June 5, 2026?

Toro paid a special dividend of $0.90 per common share on June 5, 2026. According to Toro, shareholders could elect to receive the dividend in cash or in Toro common shares, based on a set volume weighted average price.

How was Toro Corp's June 2026 special dividend split between cash and shares?

Toro’s special dividend was paid as approximately $3.8 million in cash and 5,707,246 common shares. According to Toro, shareholders chose their preferred form, resulting in this mix of cash payments and stock distributions for the $0.90 per share dividend.

What record date applied to Toro Corp's $0.90 special dividend (TORO)?

The record date for Toro’s $0.90 special dividend was May 4, 2026. According to Toro, shareholders owning TORO common stock on that date were eligible to receive the dividend, which was subsequently paid on June 5, 2026.

What does Toro Corp’s June 2026 special dividend mean for TORO shareholders?

The special dividend provided an extra $0.90 per share in value to eligible shareholders. According to Toro, investors could choose cash or stock, affecting whether they realized immediate cash income or increased their holdings of TORO common shares.

Who should Toro Corp shareholders contact with questions about the June 2026 special dividend?

Shareholders holding TORO through a bank or broker should contact that intermediary with questions. According to Toro, registered shareholders may call the election agent, Broadridge Corporate Issuer Solutions, at (888) 789-8409 for assistance regarding the special dividend.