Toro Keeps Dividend Steady

Lawn care equipment maker Toro announced today its third-quarter dividend of $0.14 per share, the same rate it's paid for the past two quarters after raising the payout 27% from $0.11 per share. The lawn care specialist had split its stock 2-for-1 in June of 2012. Prior to the split, Toro's dividend had been $0.22 per share.

The board of directors said the quarterly dividend is payable on October 15 to holders of record at the close of business on September 30. The regular dividend payment equates to a $0.56-per-share annual dividend, yielding 1% based on the closing price today of Toro's stock.

TTC Dividend Chart


TTC Dividend data by YCharts.

The article Toro Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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