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Toro Corp. ( (TORO) ) has issued an update.
On January 16, 2026, Toro Corp. reported the results of shareholder elections tied to a previously declared special dividend of $1.75 per common share, which could be received in cash or in the company’s common stock. The dividend, announced on December 5, 2025 and paid on January 16, 2026 to shareholders of record as of December 16, 2025, was ultimately distributed as approximately $9.3 million in cash and 7,378,575 Toro common shares, with the share portion calculated using a 20-day volume-weighted average price of $3.8386 per share through December 4, 2025. The special dividend and its mixed cash-and-stock structure underscore Toro’s efforts to return capital to shareholders while also potentially broadening its equity base and maintaining financial flexibility within the energy shipping sector.
The most recent analyst rating on (TORO) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Toro Corp. stock, see the TORO Stock Forecast page.
Spark’s Take on TORO Stock
According to Spark, TipRanks’ AI Analyst, TORO is a Neutral.
The score is held back primarily by weak and erratic cash generation and uneven core profitability despite a strong, low-leverage balance sheet. Technicals are supportive with a clear uptrend and positive momentum, but valuation is a major headwind due to the extremely high P/E.
To see Spark’s full report on TORO stock, click here.
More about Toro Corp.
Toro Corp. is a global energy transportation services provider operating a modern fleet of oceangoing vessels. Its fleet currently consists of two liquefied petroleum gas (LPG) carriers and two medium-range (MR) tanker vessels that transport petrochemical gases and refined petroleum products worldwide. The company is incorporated in the Republic of the Marshall Islands and its common shares trade on the Nasdaq Capital Market under the symbol “TORO.”
Average Trading Volume: 359,691
Technical Sentiment Signal: Buy
Current Market Cap: $124.1M
For an in-depth examination of TORO stock, go to TipRanks’ Overview page.