Toro Corp. Announces Shareholder Election Results and Payment of Special Dividend

Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, announced the results of shareholder elections for its special dividend of $0.90 per common share declared on April 22, 2026. The dividend was paid on June 5, 2026, in the form of approximately $3.8 million in cash and 5,707,246 shares of common stock, based on shareholder election choices. The share price used for calculation was $3.8821 per share, based on the 20-day volume weighted average through April 21, 2026.