{"success":true,"data":{"pressRelease":{"id":"56316","rtpr_id":"nGNX67yqb","ticker":"TORO","exchange":"NASDAQ","all_tickers":["TORO","D0Y"],"title":"Toro Corp. Announces Shareholder Election Results and Payment of Special Dividend","author":"Globe Newswire","published_at":"2026-06-05T13:00:01.237Z","article_body":"LIMASSOL, Cyprus, June 05, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO)\n(“Toro”, or the “Company”), a global energy transportation provider\ntoday announces the results of shareholder elections relating to its special\ndividend declared by its Board of Directors on April 22, 2026. The dividend of\n$0.90 per common share consists of either cash or the Company’s common\nshares and was paid on June 5, 2026, to shareholders of record as of May 4,\n2026.\n\nBased on shareholder elections, the dividend was paid in the form of\napproximately $3.8 million in cash and 5,707,246 shares of the Company’s\ncommon stock. The number of common shares included for the common share\ndividend election was calculated based on the 20-day volume weighted average\nof the trading prices of the Company's common shares on the Nasdaq Stock\nMarket through April 21, 2026, or $3.8821 per share.\n\nIf your shares are held through a bank, broker or nominee, and you have\nquestions regarding the dividend, please contact such bank, broker or nominee.\nIf you are a registered shareholder and you have questions regarding the\ndividend, you may call the election agent for the dividend, Broadridge\nCorporate Issuer Solutions, LLC, at (888) 789-8409.\n\nAbout Toro Corp.\n\nToro Corp. is a global energy transportation services provider, operating a\nmodern fleet of oceangoing vessels. The Company’s fleet comprises two LPG\ncarriers and two MR tanker vessels, transporting petrochemical gases and\nrefined petroleum products worldwide.\n\nToro is incorporated under the laws of the Republic of the Marshall Islands.\nThe Company's common shares trade on the Nasdaq Capital Market under the\nsymbol “TORO”.\n\nFor more information, please visit the Company’s website at\nwww.torocorp.com. Information on our website does not constitute a part of\nthis press release.\n\nCONTACT DETAILS\n\nFor further information please contact:\n\nInvestor Relations\nToro Corp.\nEmail: ir@torocorp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0543f551-f0ce-44e1-85d4-842e1c6ba996)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX67yqb","title":"Toro Corp. Announces Shareholder Election Results and Payment of Special Dividend","author":"Globe Newswire","ticker":"TORO","created":"2026-06-05T13:00:01.237Z","tickers":["TORO","D0Y"],"exchange":"NASDAQ","article_body":"LIMASSOL, Cyprus, June 05, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO)\n(“Toro”, or the “Company”), a global energy transportation provider\ntoday announces the results of shareholder elections relating to its special\ndividend declared by its Board of Directors on April 22, 2026. The dividend of\n$0.90 per common share consists of either cash or the Company’s common\nshares and was paid on June 5, 2026, to shareholders of record as of May 4,\n2026.\n\nBased on shareholder elections, the dividend was paid in the form of\napproximately $3.8 million in cash and 5,707,246 shares of the Company’s\ncommon stock. The number of common shares included for the common share\ndividend election was calculated based on the 20-day volume weighted average\nof the trading prices of the Company's common shares on the Nasdaq Stock\nMarket through April 21, 2026, or $3.8821 per share.\n\nIf your shares are held through a bank, broker or nominee, and you have\nquestions regarding the dividend, please contact such bank, broker or nominee.\nIf you are a registered shareholder and you have questions regarding the\ndividend, you may call the election agent for the dividend, Broadridge\nCorporate Issuer Solutions, LLC, at (888) 789-8409.\n\nAbout Toro Corp.\n\nToro Corp. is a global energy transportation services provider, operating a\nmodern fleet of oceangoing vessels. The Company’s fleet comprises two LPG\ncarriers and two MR tanker vessels, transporting petrochemical gases and\nrefined petroleum products worldwide.\n\nToro is incorporated under the laws of the Republic of the Marshall Islands.\nThe Company's common shares trade on the Nasdaq Capital Market under the\nsymbol “TORO”.\n\nFor more information, please visit the Company’s website at\nwww.torocorp.com. Information on our website does not constitute a part of\nthis press release.\n\nCONTACT DETAILS\n\nFor further information please contact:\n\nInvestor Relations\nToro Corp.\nEmail: ir@torocorp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0543f551-f0ce-44e1-85d4-842e1c6ba996)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-05T13:00:01.287026785Z","server_sent_at_ms":1780664401287},"received_at":"2026-06-05T13:00:01.406Z","source_url":null},"analysis":{"id":"45743","press_release_id":"56316","analysis_json":{"industry":{"label":"Marine","sector":"Industrials"},"redFlags":[],"eventType":"dividend","narrative":"Toro Corp. announced the results of its special dividend election, paying $0.90 per share to shareholders of record as of May 4, 2026.\n\nThe dividend was paid as approximately $3.8 million in cash and 5,707,246 shares of common stock, reflecting shareholder preferences.\n\nThe share portion was calculated using a 20-day volume-weighted average price of $3.8821 per share.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine dividend election results; majority opted for stock over cash."},"keyFigures":{"dividend":0.9,"customDimensions":{"share_price_basis":3.8821,"cash_dividend_total":3800000,"shares_issued_dividend":5707246}},"quotedText":"The dividend of $0.90 per common share consists of either cash or the Company’s common shares and was paid on June 5, 2026","namedEntities":{"people":[],"products":[],"companies":[{"name":"Toro Corp.","ticker":"TORO","relationship":"filer"},{"name":"Broadridge Corporate Issuer Solutions, LLC","relationship":"election agent"}],"dollarAmounts":[{"amount":"$0.90","context":"special dividend per share"},{"amount":"$3.8 million","context":"total cash portion of dividend"},{"amount":"$3.8821","context":"share price used for calculation"}]},"materialImpact":{"score":2,"reasoning":"Routine disclosure of special dividend election results. The cash portion ($3.8M) is immaterial relative to the share portion (5.7M shares), indicating most shareholders opted for stock, resulting in minor dilution but no significant capital return."},"tickerRelevance":{"others":[],"primary":"TORO"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine_dividend","sectorWeight":"niche_industrial","marketCapAdjustment":"low"}},"event_type":"dividend","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Toro Corp. announced the results of its special dividend election, paying $0.90 per share to shareholders of record as of May 4, 2026.\n\nThe dividend was paid as approximately $3.8 million in cash and 5,707,246 shares of common stock, reflecting shareholder preferences.\n\nThe share portion was calculated using a 20-day volume-weighted average price of $3.8821 per share.","key_figures":{"dividend":0.9,"customDimensions":{"share_price_basis":3.8821,"cash_dividend_total":3800000,"shares_issued_dividend":5707246}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Toro Corp.","ticker":"TORO","relationship":"filer"},{"name":"Broadridge Corporate Issuer Solutions, LLC","relationship":"election agent"}],"dollarAmounts":[{"amount":"$0.90","context":"special dividend per share"},{"amount":"$3.8 million","context":"total cash portion of dividend"},{"amount":"$3.8821","context":"share price used for calculation"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-05T13:06:17.264Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine_dividend","sectorWeight":"niche_industrial","marketCapAdjustment":"low"}},"durationMs":47098,"modelName":"george-droid-qwen-72b"}}