On October 18, 2023, Toro TTC will distribute a dividend payout of $0.34 per share, equating to an annualized dividend yield of 1.67%. Shareholders who owned the stock before the ex-dividend date on October 03, 2023 will receive this payout.
Toro Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-03 | 4 | $0.34 | 1.67% | 2023-09-19 | 2023-10-04 | 2023-10-18 |
| 2023-06-20 | 4 | $0.34 | 1.29% | 2023-05-23 | 2023-06-21 | 2023-07-12 |
| 2023-04-05 | 4 | $0.34 | 1.25% | 2023-03-21 | 2023-04-06 | 2023-04-19 |
| 2022-12-27 | 4 | $0.34 | 1.22% | 2022-12-13 | 2022-12-28 | 2023-01-11 |
| 2022-10-04 | 4 | $0.3 | 1.32% | 2022-09-20 | 2022-10-05 | 2022-10-18 |
| 2022-06-21 | 4 | $0.3 | 1.53% | 2022-05-17 | 2022-06-22 | 2022-07-13 |
| 2022-04-05 | 4 | $0.3 | 1.46% | 2022-03-15 | 2022-04-06 | 2022-04-21 |
| 2021-12-27 | 4 | $0.3 | 1.22% | 2021-12-14 | 2021-12-28 | 2022-01-11 |
| 2021-10-05 | 4 | $0.26 | 1.03% | 2021-09-21 | 2021-10-06 | 2021-10-21 |
| 2021-06-21 | 4 | $0.26 | 0.94% | 2021-05-18 | 2021-06-22 | 2021-07-14 |
| 2021-04-01 | 4 | $0.26 | 1.01% | 2021-03-16 | 2021-04-05 | 2021-04-20 |
| 2020-12-21 | 4 | $0.26 | 1.16% | 2020-12-01 | 2020-12-22 | 2021-01-13 |
With the highest dividend yield among its industry peers, Toro outshines Deere DE, who have an annualized dividend yield of 1.38%.
Analyzing Toro Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.92 to $1.24, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Toro
Investors can observe a growth in earnings for Toro from 2019 to 2022, as earnings per share increased from $2.99 to $4.21. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article takes an in-depth look at Toro's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.34 per share today, translating to an annualized dividend yield of 1.67%.
With the highest dividend yield among its industry peers, Toro outshines Deere, who have an annualized dividend yield of 1.38%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Toro appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Monitor live stock price updates for Toro on Benzinga.](https://www.benzinga.com/quote/Toro (NYSE: TTC))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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