The Toro Company, Bloomington, Minn., last week announced that its board of directors declared a regular quarterly cash dividend of 18 cents per share, a 20-percent increase from its previous quarterly dividend rate of 15 cents per share. This dividend is payable on Jan. 12, 2010 to shareholders of record on Dec. 18, 2009.
As of Nov. 27, the company had 33,991,615 common shares outstanding.
The Toro Co. is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems.
