Unlocking Value and Investor Rewards: Toro Thrives with Strong Performance and Growing Profits
Portfolio Pulse from Benzinga Insights
Toro (NYSE:TTC) is set to distribute a dividend payout of $0.34 per share on October 18, 2023, equating to an annualized dividend yield of 1.67%. The company has shown a notable growth in its dividend per share from $0.92 to $1.24 between 2019 and 2022. Earnings per share also increased from $2.99 to $4.21 during the same period. Toro's dividend yield is higher than its industry peer, Deere (NYSE:DE).
October 18, 2023 | 3:05 pm
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NEGATIVE IMPACT
Toro's higher dividend yield compared to Deere could make Toro more attractive to income-seeking investors.
Toro's higher dividend yield compared to Deere could make Toro more attractive to income-seeking investors, potentially leading to a decrease in demand for Deere's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Toro's dividend payout and growth in earnings per share indicate a strong financial position, which could attract income-seeking investors.
Toro's consistent dividend payout and growth in earnings per share indicate a strong financial position. This could make the stock more attractive to income-seeking investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100