Toro Co. Boosts Quarterly Dividend, Authorizes Additional Repurchase

Dow Jones12-11

By Stephen Nakrosis

Toro Co.'s board raised the company's quarterly cash dividend to 38 cents a share from 36 cents.

The board also authorized the repurchase of up to an additional 4 million shares of Toro's common stock.

The new dividend, which pays $1.52 on an annual basis, will be payable Jan. 13 to shareholders of record at the close of business Dec. 23. The increased dividend represents a dividend yield of about 1.7%, based on the closing price of $87.46 Tuesday.

In December of last year, Toro raised its quarterly dividend to 36 cents a share from 34 cents.

The company's brands include Toro, Ditch Witch, Spartan, BOSS and American Augers.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 10, 2024 17:23 ET (22:23 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490027640?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-11 06:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490027640","market":"other","top_or_hot":-1,"title":"Toro Co. Boosts Quarterly Dividend, Authorizes Additional Repurchase","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  Toro Co.'s board raised the company's quarterly cash dividend to 38 cents a share from 36 cents. \n</p>\n<p>\n  The board also authorized the repurchase of up to an additional 4 million shares of Toro's common stock. \n</p>\n<p>\n  The new dividend, which pays $1.52 on an annual basis, will be payable  Jan. 13 to shareholders of record at the close of business Dec. 23. The increased dividend represents a dividend yield of about 1.7%, based on the closing price of $87.46 Tuesday. \n</p>\n<p>\n  In December of last year, Toro raised its quarterly dividend to 36 cents a  share from 34 cents. \n</p>\n<p>\n  The company's brands include Toro, Ditch Witch, Spartan, BOSS and American Augers. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 10, 2024 17:23 ET (22:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toro Co. Boosts Quarterly Dividend, Authorizes Additional Repurchase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToro Co. Boosts Quarterly Dividend, Authorizes Additional Repurchase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 06:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Stephen Nakrosis \n\n\n \n\n\n  Toro Co.'s board raised the company's quarterly cash dividend to 38 cents a share from 36 cents. \n\n\n  The board also authorized the repurchase of up to an additional 4 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4152","symbol_name":"农用农业机械","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490027640","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490027640","pubTimestamp":1733869380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Toro Co.'s board raised the company's quarterly cash dividend to 38 cents a share from 36 cents.The board also authorized the repurchase of up to an additional 4 million shares of Toro's common stock.The new dividend, which pays $1.52 on an annual basis, will be payable  Jan. 13 to shareholders of record at the close of business Dec. 23. The increased dividend represents a dividend yield of about 1.7%, based on the closing price of $87.46 Tuesday.In December of last year, Toro raised its quarterly dividend to 36 cents a  share from 34 cents.The company's brands include Toro, Ditch Witch, Spartan, BOSS and American Augers.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4152":"农用农业机械","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU1543694498.USD":"法巴水资源基金RH MD Dis","TTC":"托罗配件"},"translate_title":"Toro Co.提高季度股息并授权额外回购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTC":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Toro Co.'s board raised the company's quarterly cash dividend to 38 cents a share from 36 cents. \n\n\n  The board also authorized the repurchase of up to an additional 4 million shares of Toro's common stock. \n\n\n  The new dividend, which pays $1.52 on an annual basis, will be payable  Jan. 13 to shareholders of record at the close of business Dec. 23. The increased dividend represents a dividend yield of about 1.7%, based on the closing price of $87.46 Tuesday. \n\n\n  In December of last year, Toro raised its quarterly dividend to 36 cents a  share from 34 cents. \n\n\n  The company's brands include Toro, Ditch Witch, Spartan, BOSS and American Augers. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 10, 2024 17:23 ET (22:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490027640"}