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

Toro Company (The) (NYSE:TTC) declared a quarterly dividend on Tuesday, March 17th. Stockholders of record on Monday, March 30th will be given a dividend of 0.39 per share on Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 30th.

Toro has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Toro has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Toro to earn $4.67 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 33.4%.

Toro Stock Down 0.1%

Shares of NYSE:TTC opened at $94.87 on Wednesday. The business’s 50 day moving average is $95.08 and its 200 day moving average is $82.35. Toro has a 12-month low of $62.34 and a 12-month high of $105.18. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 28.41 and a beta of 0.80. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating 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 return on equity of 29.60% and a net margin of 7.28%.The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business 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 4.41 earnings per share for the current fiscal year.

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.