The Toro Company Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

The Toro Company (NYSE: TTC) has announced a regular quarterly cash dividend of $0.36 per share of its common stock.

The dividend will be payable on July 11, 2024, to shareholders who are on record as of June 18, 2024.

Positive

• Regular quarterly dividend of $0.36 per share announced.
• Dividend payable on July 11, 2024.
• Record date set for June 18, 2024.
• Stable dividend indicates financial health and shareholder value.

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. This dividend is payable on July 11, 2024, to shareholders of record at the close of business on June 18, 2024.

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 $4.55 billion in fiscal 2023, The Toro Company’s global presence extends to more than 125 countries through a portfolio 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 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/20240521475932/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 dividend amount announced by Toro Company?

The Toro Company announced a regular quarterly dividend of $0.36 per share.

When will Toro Company's dividend be paid?

The dividend will be payable on July 11, 2024.

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

The record date for the dividend is June 18, 2024.

What is the stock symbol for Toro Company?

The stock symbol for Toro Company is TTC.

What type of dividend did Toro Company declare?

Toro Company declared a regular quarterly cash dividend.