Toro Company (The) (NYSE:TTC) Declares Quarterly Dividend of $0.39

Toro Company (The) (NYSE:TTC) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 16th will be given a dividend of 0.39 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 16th.

Toro has raised 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 payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 0.2%

TTC opened at $89.29 on Wednesday. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 26.73 and a beta of 0.73. Toro has a fifty-two week low of $67.04 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. The firm’s fifty day moving average is $94.35 and its 200 day moving average is $87.50.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.65 by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts forecast that Toro will post 4.52 earnings per share for the current fiscal year.

About Toro

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.