The Toro Company Board of Directors Increases Regular Quarterly Cash Dividend

Rhea-AI Summary

The Toro Company (TTC) Increases Quarterly Dividend to $0.36 per Share, Continuing 15-Year Growth Streak

Positive

• The Toro Company (TTC) has increased its quarterly dividend from $0.34 to $0.36 per share, marking the 15th consecutive year of dividend growth.
• The dividend increase reflects the company's commitment to returning value to its shareholders and its confidence in its financial strength and future prospects.

Negative

• None.

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- The Toro Company (NYSE: TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of TTC’s common stock, an increase over the previous quarter’s cash dividend of $0.34 per share of TTC’s common stock. This marks the 15^th consecutive year that the company has increased its dividend. The dividend is payable on January 11, 2024, to shareholders of record at the close of business on December 27, 2023.

About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.5 billion in fiscal 2022, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, American Augers, Trencor, Pope, Subsite, HammerHead, Radius, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231212172342/en/

Investor Relations

Jeremy Steffan

Director, Investor Relations

(952) 887-7962, jeremy.steffan@toro.com

Media Relations

Branden Happel

Senior Manager, Public Relations

(952) 887-8930, branden.happel@toro.com

Source: The Toro Company

FAQ

What is the new quarterly dividend for The Toro Company (TTC)?

The new quarterly dividend for The Toro Company (TTC) is $0.36 per share.

How many years has The Toro Company (TTC) increased its dividend consecutively?

The Toro Company (TTC) has increased its dividend consecutively for 15 years.

When is the dividend payable to shareholders of The Toro Company (TTC)?

The dividend is payable on January 11, 2024, to shareholders of record at the close of business on December 27, 2023.