Toro Company dividend yield – Toro Company (NYSE:TTC) Increases Dividend Payout for Shareholders
March 31, 2023
Trending News 🌥️
Toro ($NYSE:TTC) (NYSE:TTC) is a leading global provider of turf and landscape maintenance equipment, irrigation solutions, and related services. Recently, the company announced that they would be raising their dividend payout to shareholders. This marks an increase over last year’s dividend, and shareholders are sure to be pleased. The increase in dividend payout is a sign of the company’s commitment to delivering returns to shareholders. Toro has a history of providing consistent dividends, making it an attractive stock for those looking for reliable income streams.
This dividend increase will continue to help draw investors to the stock and gives them assurance of steady returns. The increase also demonstrates Toro’s financial strength despite the ongoing economic challenges posed by the pandemic. The company has remained profitable throughout the crisis and is well positioned for continued growth in the coming years. This dividend increase is a testament to the company’s resilience, and shareholders have good reason to be optimistic about its prospects going forward.
Dividends – Toro Company dividend yield
The Toro Company (NYSE:TTC), a leading global provider of turf and landscape solutions, has announced that they will be increasing their dividend payout for their shareholders. Over the last three years, Toro Company has consistently issued an annual dividend per share of 1.24, 1.2, and 1.05 USD respectively. Customer demand for their products and services as well as their strong financial performance has enabled them to increase the dividend yield from 1.06% in 2021 to 1.34% in 2023, with a three-year average dividend yield of 1.15%. This increase in dividend payout to shareholders is a testament to the company’s commitment to reward long-term investors and demonstrate their confidence in their ability to generate sustainable profits.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toro Company. More…
| Total Revenues | Net Income | Net Margin |
| 4.73k | 480.69 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toro Company. More…
| Operations | Investing | Financing |
| 318.37 | -156.83 | -176.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toro Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.65k | 2.21k | 13.85 |
Key Ratios Snapshot
Some of the financial key ratios for Toro Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.7% | 21.5% | 13.5% |
| FCF Margin | ROE | ROA |
| 3.3% | 28.6% | 10.9% |
Share Price
On Monday, TORO COMPANY (NYSE:TTC) announced its latest dividend payout. As a result, the stock opened at $109.0 and closed at $109.5, 1.7% higher than the previous closing price of 107.7. The amount of the dividend was not disclosed, but investors can expect an increase compared to previous payouts. The increase in dividend payout follows a period of strong stock performance by TORO COMPANY.
The company’s share price has been trending upwards over the past few months, and this is a sign that the company is doing well and that investors are confident in its potential for future growth. The increased dividend payout is likely to be welcomed by both existing and potential shareholders, as it signals that the company is in a strong financial position and is committed to returning value to its shareholders. It also reinforces the fact that TORO COMPANY is dedicated to rewarding its investors with a solid return on their investments. Live Quote…
Analysis
GoodWhale has analyzed TORO COMPANY‘s fundamentals and classified the company as a ‘gorilla’; a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. TORO COMPANY has shown high asset, growth, profitability, and medium dividend scores. Additionally, it has a high health score of 8/10 considering its cashflows and debt, indicating its capability to pay off debt and fund future operations. Given these strong fundamentals, investors interested in long-term capital appreciation are likely to be keen on investing in TORO COMPANY. This is due to the strong competitive advantage that has enabled the company to generate consistent returns over time. Furthermore, with a high health score and strong fundamentals, investors interested in a safe and reliable asset can also find TORO COMPANY attractive. More…
Peers
Toro Co is a leading manufacturer of hydraulic elements and systems. Its products are used in a wide range of industries, including construction, agriculture, and automotive. The company has a strong competitive position in the market, with a wide range of products and a strong brand.
However, it faces competition from a number of other companies, including Hydraulic Elements and Systems AD, Cummins Inc, and Groupe SFPI SA.
– Hydraulic Elements and Systems AD ($LTS:0NZ4)
Hydraulic Elements and Systems AD is a leading manufacturer of hydraulic components and systems for a variety of industries. The company has a strong reputation for quality and innovation, and its products are used in a wide range of applications. Hydraulic Elements and Systems AD has a market cap of 113.71M as of 2022, a Return on Equity of 13.72%. The company is a major supplier of hydraulic components and systems for the automotive, construction, and mining industries, among others. Its products are known for their quality and reliability, and the company has a strong commitment to customer satisfaction.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a global power leader that designs, manufactures, sells and services diesel engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, USA, Cummins employs approximately 62,600 people in about 190 countries and territories.
– Groupe SFPI SA ($LTS:0N9P)
Groupe SFPI is a French holding company that specializes in financial and investment services. The company has a market capitalization of 189.59 million as of 2022 and a return on equity of 12.35%. The company’s core businesses include asset management, private equity, and venture capital. Groupe SFPI also has a minority stake in a number of listed companies, including Credit Agricole and AXA.
Summary
Toro Company (TTC) is a manufacturer of turf maintenance equipment and related services for the professional turf and landscape markets. The company has seen its dividend growth steadily increase in recent years, and is currently paying out a larger dividend than it did the previous year. Investing in Toro can be an attractive option for investors seeking a stable income stream, as well as potential capital appreciation.
Additionally, Toro’s strong balance sheet and consistent cash flow generation support this dividend growth. Toro also has a good track record of returning value to shareholders through share repurchases, which could lead to further appreciation of the stock price.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
