Toro Corp. announces 90c per share special dividend

Toro Corp. (TORO) announced that the company’s board of directors has declared a one-time, special dividend of 90c per common share, consisting of either cash or the company’s common shares. The dividend is payable to the company’s shareholders of record at the close of business on May 4 and is expected to be paid on June 5. The company expects the dividend will be a taxable dividend to shareholders, regardless of whether received in the form of cash or common shares.