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

Toro Company (The) (NYSE:TTC) 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 1.7%. The ex-dividend date is Tuesday, June 16th.

Toro has increased its dividend by an average of 0.1%annually over the last three years and has raised 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. 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 Stock Down 0.2%

TTC stock opened at $89.29 on Wednesday. The stock’s fifty day simple moving average is $94.35 and its two-hundred day simple moving average is $87.50. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75. Toro has a 1-year low of $67.04 and a 1-year high of $105.18. The stock has a market cap of $8.66 billion, a P/E ratio of 26.73 and a beta of 0.73.

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