The Toro Company Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

The Toro Company (NYSE: TTC) announced a quarterly cash dividend of $0.30 per share, payable on April 21, 2022, to shareholders recorded by April 6, 2022. With a strong focus on outdoor solutions, Toro generated $4.0 billion in sales for fiscal 2021, serving over 125 countries. The company emphasizes innovation and customer relationships across various sectors, including turf maintenance, snow management, and irrigation.

Positive

• Declared a quarterly cash dividend of $0.30 per share.
• Strong sales performance of $4.0 billion in fiscal 2021.
• Global presence in over 125 countries.

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 $0.30 per share. This dividend is payable on April 21, 2022, to shareholders of record at the close of business on April 6, 2022.

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 sales of $4.0 billion in fiscal 2021, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan Mowers, BOSS Snowplow, Ventrac, American Augers, Trencor, Pope, Subsite Electronics, HammerHead, Radius HDD, 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/20220314005873/en/

Investor Relations

Julie Kerekes

Treasurer and Senior Managing Director, Global Tax and Investor Relations

(952) 887-8846, julie.kerekes@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 dividend amount declared by Toro Company?

The Toro Company declared a dividend of $0.30 per share.

When will the Toro Company pay its dividend?

The dividend will be paid on April 21, 2022.

What is the record date for the Toro Company's dividend?

The record date for the dividend is April 6, 2022.

What are the main business areas of The Toro Company?

The Toro Company focuses on turf maintenance, snow and ice management, irrigation, and outdoor lighting solutions.