The Toro Company Increases Regular Quarterly Cash Dividend

Rhea-AI Summary

The Toro Company (NYSE: TTC) has declared a $0.30 per share quarterly cash dividend, marking a 14% increase from the previous $0.2625. This dividend is set to be paid on January 11, 2022, to shareholders who are on record by December 28, 2021.

In fiscal 2020, The Toro Company reported sales of $3.4 billion, and is recognized as a significant provider of solutions for outdoor environments globally.

Positive

• Dividend increased by 14% indicating strong performance and confidence in future earnings.
• Quarterly dividend of $0.30 enhances shareholder value.

Negative

• None.

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- The Toro Company (NYSE: TTC) today announced that its board of directors has declared a $0.30 per share regular quarterly cash dividend, an increase of 14 percent over the previous $0.2625 per share. This dividend is payable on January 11, 2022, to shareholders of record on December 28, 2021.

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 $3.4 billion in fiscal 2020, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS Snowplow, Ventrac, American Augers, Subsite Electronics, HammerHead, Trencor, Unique Lighting Systems, Irritrol, Hayter, Pope, Perrot, Lawn-Boy and Radius HDD. 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/20211214006292/en/

Investor Relations

Julie Kerekes

Treasurer and Sr. 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 dividend of $0.30 per share.

When is the dividend payable to shareholders?

The dividend is payable on January 11, 2022.

What was the previous dividend amount before the increase?

The previous dividend amount was $0.2625 per share.

Who are the shareholders of record for the upcoming dividend?

Shareholders of record as of December 28, 2021, will receive the dividend.

How did The Toro Company perform financially in fiscal 2020?

In fiscal 2020, The Toro Company reported sales of $3.4 billion.