The Toro Co., Bloomington, Minn., last week announced that its board of directors declared a regular quarterly cash dividend of $0.20 per share, an increase from its previous quarterly dividend rate of $0.18 per share. This dividend is payable on Jan. 11, 2011 to shareholders of record on Dec. 17.
The board also authorized the repurchase of 3 million shares of common stock in addition to the 1.3 million shares remaining under the prior authorization.
The Toro Co. is a worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems.
