Toro Company (The) (NYSE:TTC – Get Free Report) declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.39 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, June 16th.
Toro has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Toro has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toro to earn $5.01 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 31.1%.
Toro Trading Down 0.2%
NYSE:TTC opened at $89.01 on Thursday. Toro has a 1-year low of $67.04 and a 1-year high of $105.18. The business’s 50-day moving average price is $94.13 and its two-hundred day moving average price is $87.59. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 26.65 and a beta of 0.73.
Toro Company Profile
The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.
Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.
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