The Toro Company Board Of Directors Increases Regular Quarterly Cash Dividend From $0.34 To $0.36 Per Share
Portfolio Pulse from Benzinga Newsdesk
The Toro Company (NYSE:TTC) has increased its regular quarterly cash dividend from $0.34 to $0.36 per share, marking the 15th consecutive year of dividend increases. The new dividend will be payable on January 11, 2024, to shareholders of record as of December 27, 2023.
December 12, 2023 | 9:31 pm
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The Toro Company has raised its quarterly dividend to $0.36 per share, continuing a 15-year trend of dividend growth.
Dividend increases are typically seen as a sign of a company's financial health and confidence in its future earnings, which can attract income-focused investors and potentially drive the stock price up in the short term.
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