toromont
Toromont is a company that specializes in the supply and integration of backup and prime power generation systems, rental generators, marine engines, and industrial engines. It serves various industries, including road building, mining, telecommunications, and food and beverage processing, by providing specialized equipment and lifetime product support. Toromont is known for its market-leading brands and extensive parts, service, and remanufacturing capabilities, generating revenue of just over $5 billion in 2024.
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Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
LEON’S FURNITURE LTD. $27 (www.www.leons.ca) is a buy. The company sells furniture and appliances through 300 stores, mainly under the Leon’s and The Brick banners. Leon’s has a long history of rewarding investors. It raised your quarterly dividend by 20.0% with the September 2025 payment, to $0.24 a share from $0.20. The new annual rate of $0.96 yields a solid 3.6%. It also paid a special dividend of $0.50 a share in April 2026.
Leon’s Furniture is a buy.
Leon’s Furniture is a buy.
Toromont has jumped over 65% in the past year. That’s mainly due to strong demand for its heavy equipment and support services as governments in Canada increase funding for new infrastructure projects such as roads, mass transit systems and hospitals. The company’s rising earnings will also let it keep raising your dividend.
TOROMONT INDUSTRIES LTD. $205 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.9 million; Market cap: $16.8 billion; Dividend yield: 1.1%; Dividend Sustainability Rating: Above Average; www.toromont.com) operates through two business segments:
Toromont’s Equipment Group (90% of revenue) is the exclusive dealer of Caterpillar heavy equipment, such as bulldozers, backhoes and excavators, for eastern Canada. The company is also the MaK engine dealer for the Eastern Seaboard of the U.S., from Maine to Virginia.
TOROMONT INDUSTRIES LTD. $205 is a buy. The company (Toronto symbol TIH; High-Growth Dividend Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 81.9 million; Market cap: $16.8 billion; Dividend yield: 1.1%; Dividend Sustainability Rating: Above Average; www.toromont.com) operates through two business segments:
Toromont’s Equipment Group (90% of revenue) is the exclusive dealer of Caterpillar heavy equipment, such as bulldozers, backhoes and excavators, for eastern Canada. The company is also the MaK engine dealer for the Eastern Seaboard of the U.S., from Maine to Virginia.