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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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
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