Toro Corp. (TORO) Skyrockets After Announcing Special Dividend

The share price of Toro Corp. (NASDAQ:TORO) surged by 45.36% between November 28 and December 5, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Toro Corp. (NASDAQ:TORO) is a growth-oriented shipping company that acquires, owns, charters, and operates oceangoing vessels, and provides worldwide seaborne energy transportation services.

Toro Corp. (NASDAQ:TORO) soared on December 5 when the company announced a one-time special dividend of $1.75 per share to shareholders of record as of December 16, payable on January 16, 2025.

The payout follows the announcement of Toro Corp. (NASDAQ:TORO)’s third-quarter results, with the company’s revenue surging by 1.9% YoY to $5.4 million, driven by higher contractual hire rates for its LPG carrier vessels. Net income also grew by 30% YoY to $1.3 million, while EPS from continuing operations came in at $0.01, against a loss of $0.01 per share in the same period last year.

Following the latest gains, the share price of Toro Corp. (NASDAQ:TORO) has surged by over 1,000% since the beginning of 2025.

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Disclosure: None.