Toro Company (The) (TTC) to Issue Quarterly Dividend of $0.39 on October 20th

Toro Company (The) (NYSE:TTC) announced a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, October 6th will be paid a dividend of 0.39 per share on Tuesday, October 20th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 6th.

Toro has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 21 years. Toro has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Toro to earn $5.05 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 30.9%.

Toro Trading Up 2.3%

Shares of NYSE TTC opened at $96.65 on Thursday. Toro has a 1-year low of $67.64 and a 1-year high of $105.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74. The business’s 50 day moving average is $95.81 and its two-hundred day moving average is $94.37. The stock has a market capitalization of $9.15 billion, a P/E ratio of 25.84 and a beta of 0.70.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, research analysts expect that Toro will post 4.64 EPS for the current year.

About Toro

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.