Toro Company (The) (TTC) To Go Ex-Dividend on June 16th

Toro Company (The) (NYSE:TTC) declared a quarterly dividend on Tuesday, May 19th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 16th.

Toro has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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. Research analysts expect Toro to earn $5.02 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 Price Performance

Toro stock opened at $90.75 on Friday. The firm has a market capitalization of $8.64 billion, a P/E ratio of 26.15 and a beta of 0.70. Toro has a 1 year low of $67.04 and a 1 year high of $105.18. The business has a 50-day moving average of $92.79 and a 200-day moving average of $89.71. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Toro (NYSE:TTC) last posted its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, equities analysts anticipate that Toro will post 4.6 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.