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, payable on July 13, 2022, to shareholders on record as of June 22, 2022. With sales reaching $4.0 billion in fiscal 2021, Toro is a key player in solutions for outdoor environments, serving over 125 countries with a diverse brand portfolio. The company focuses on turf maintenance, snow management, and utility construction, built on innovation and customer trust.

Positive

• Quarterly cash dividend of $0.30 enhances shareholder income.
• Strong sales performance of $4.0 billion in fiscal 2021 indicates company growth.
• Continued global presence in over 125 countries reflects strong 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 July 13, 2022, to shareholders of record at the close of business on June 22, 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/20220516005941/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 in 2022?

The dividend declared by Toro Company is $0.30 per share.

When will the dividend be paid to shareholders of Toro Company?

The dividend will be paid on July 13, 2022.

What is the record date for the dividend payment by Toro Company?

The record date for the dividend payment is June 22, 2022.

How did Toro Company perform financially in 2021?

Toro Company reported sales of $4.0 billion in fiscal 2021.

In how many countries does Toro Company operate?

Toro Company operates in more than 125 countries.