Toromont Announces Quarterly Dividend
Market Wire, February, 2009
Toromont Industries Ltd. (TSX: TIH) today announced that its Board of Directors has approved a 7% increase in Toromont's regular quarterly cash dividend, representing the twentieth consecutive annual increase.
A quarterly dividend at the new rate of 15 cents (Cdn) per share, payable April 1, 2009 to shareholders of record at the close of business on March 13, 2009, was declared today by the Company's Board of Directors.
Toromont Chairman and Chief Executive Officer, Robert M. Ogilvie said: "This continues forty-one consecutive years of dividend payments, reflecting underlying growth, the strength of our earnings and confidence in our business."
About Toromont
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Toromont Industries Ltd. operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the world's largest Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a North American leader specializing in the design, engineering, fabrication, and installation of compression systems for natural gas, coal bed methane, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems. Both Groups offer comprehensive product support capabilities. Toromont employs over 4,500 people in more than 130 locations. This press release and more information about Toromont Industries can be found on the Web at www.toromont.com .
Contacts: Toromont Industries Ltd. Robert M. Ogilvie Chairman & Chief Executive Officer (416) 667-5554 Toromont Industries Ltd. Paul R. Jewer Vice President Finance & CFO (416) 667-5638 Website: www.toromont.com
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