By Stephen Nakrosis
Toro Co.'s board raised the company's quarterly cash dividend to 38 cents a share from 36 cents.
The board also authorized the repurchase of up to an additional 4 million shares of Toro's common stock.
The new dividend, which pays $1.52 on an annual basis, will be payable Jan. 13 to shareholders of record at the close of business Dec. 23. The increased dividend represents a dividend yield of about 1.7%, based on the closing price of $87.46 Tuesday.
In December of last year, Toro raised its quarterly dividend to 36 cents a share from 34 cents.
The company's brands include Toro, Ditch Witch, Spartan, BOSS and American Augers.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 10, 2024 17:23 ET (22:23 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。