Overview
Toro’s dividend target has been increased to at least EUR 0.08 per ordinary share per annum, compared to the initial target of EUR 0.05 (annualised) stated in the prospectus published in connection with the company’s May 2015 IPO.
This follows the dividend increase to EUR 0.015 per ordinary share for Q1 2017 announced on 24 April 2017.
The Board of Toro has confidence that the company’s performance can support this new target based on careful consideration of the current assets, the progressive rebalancing of the portfolio towards private asset-backed finance and direct origination strategies, and anticipated cash-flows under reasonable base case scenarios
Toro ups its dividend target