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Toro Corp. Announces Vessel Acquisition
Globenewswire· 2025-06-11 13:00
Core Viewpoint - Toro Corp. has announced the acquisition of a 2021-built MR tanker vessel for $36.25 million, which will be funded with cash on hand [1][2]. Company Overview - Toro Corp. is a global energy transportation services provider with a modern fleet of oceangoing vessels. After the acquisition, the fleet will consist of four LPG carriers and one MR tanker vessel, focusing on transporting petrochemical gases and refined petroleum products worldwide [3]. - The company is incorporated under the laws of the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO" [3]. Acquisition Details - The acquisition is expected to be completed with the delivery of the vessel during Q2-Q3 2025, subject to customary closing conditions [2].
Toro Corp. Announces Availability of its 2024 Annual Report on Form 20-F
Globenewswire· 2025-04-15 20:10
Core Viewpoint - Toro Corp has filed its annual report for the fiscal year ended December 31, 2024, with the SEC, which includes audited consolidated financial statements [1]. Company Overview - Toro Corp is an international energy transportation services company that operates a fleet of LPG carriers for transporting petrochemical gases globally [3]. - The company currently owns a fleet of four LPG carrier vessels, each with a capacity of 5,000 cbm [3]. - Toro Corp is incorporated in the Republic of the Marshall Islands and its common shares are traded on the Nasdaq Capital Market under the symbol "TORO" [3]. Accessibility of Annual Report - The Annual Report is available on the SEC website and the company's website under the "Investors" section [2]. - Shareholders can request a hard copy of the Annual Report free of charge by contacting the company via email [2]. Contact Information - For further inquiries, contact details for Toro Corp are provided, including an email address for investor relations [5].
Stock Market Crash: The Best Dividend Stocks to Buy Right Now
The Motley Fool· 2025-04-07 12:00
Core Viewpoint - The article emphasizes the potential of dividend stocks as attractive investments during bear markets, highlighting their ability to provide passive income and offset share price declines. Group 1: AT&T - Following asset sales, AT&T is better positioned to deliver dependable dividends, outperforming the S&P 500 index in 2025 [3][4] - The company has refocused on its core wireless and broadband businesses, divesting WarnerMedia and DirecTV, which allowed it to pay down debt and expand its 5G and fiber networks [4] - AT&T gained 1.7 million postpaid phone customers and 1 million fiber customers in 2024, marking its seventh consecutive year of adding over 1 million high-speed internet accounts [5] - The company plans to grow its fiber network to over 50 million locations by the end of the decade, with consumer fiber broadband revenue expected to rise by "mid-teens" percentages in 2025 [6] - AT&T forecasts free cash flow of over $16 billion in 2025, with projected dividend payments exceeding $20 billion over the next three years, yielding 3.9% [7] Group 2: Kinder Morgan - Kinder Morgan is positioned to benefit from the AI boom while providing substantial cash payouts to investors [8] - The company operates the largest natural gas transmission network in the U.S., with 66,000 miles of pipeline transporting about 40% of the country's gas [9] - Kinder Morgan's fee-based contracts help insulate its business from commodity price fluctuations, reducing risks for investors [10] - The company is expected to benefit from rising U.S. LNG exports, increasing natural gas demand in the industrial sector, and a projected 160% rise in data center power demand due to the AI boom by 2030 [10][12] - With a projected cash payout of $1.17 per share in 2025, Kinder Morgan offers an attractive forward yield of 4.2% [11]