The Toro Company Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

The Toro Company (NYSE: TTC) has declared a quarterly cash dividend of $0.30 per share, set to be paid on October 18, 2022. Shareholders on record by October 5, 2022 will receive this dividend. Toro is recognized as a leader in outdoor solutions, boasting sales of $4.0 billion in fiscal 2021 and serving customers in over 125 countries. The company provides innovative products for turf maintenance, construction, and irrigation.

Positive

• Quarterly cash dividend of $0.30 signifies financial stability and returns to shareholders.
• Strong revenue performance with $4.0 billion in sales for fiscal 2021.
• Extensive global presence in over 125 countries enhances market reach.

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 October 18, 2022, to shareholders of record at the close of business on October 5, 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/20220920006025/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 The Toro Company?

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

When is the dividend payable for The Toro Company?

The dividend is payable on October 18, 2022.

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

The record date for the dividend is October 5, 2022.

How much revenue did The Toro Company generate in fiscal 2021?

The Toro Company generated $4.0 billion in revenue for fiscal 2021.

In how many countries does The Toro Company operate?

The Toro Company operates in over 125 countries worldwide.