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The American industrial group Toro Co. (ISIN: US8910921084, NYSE: TTC) is paying a dividend of 25 US cents per share to shareholders on Thursday. The record date was June 22, 2020. Extrapolated to the full year, Toro is distributing $ 1.00 to its investors. At the current share price of $ 65.46 (as of July 8, 2020), this corresponds to a current dividend yield of 1.53 percent.
Toro is a global supplier of lawn and landscape maintenance machines and equipment. Among other things, lawnmowers, lawn tractors, sports field and golf course maintenance machines as well as precision irrigation solutions are offered.
In April 2019, Toro completed the acquisition of The Charles Machine Works, Inc. In the second quarter (May 1, 2020) of fiscal 2020, sales were $ 929.4 million (previous year: $ 962.04 million), as reported on June 4. Revenue was $ 98.45 million, compared to $ 115.57 million a year earlier.
Since the beginning of 2020, the share on Wall Street has been down 17.84 percent. Current market capitalization is $ 7 billion (as of July 8, 2020).
Saskia Haaker, editor of MyDividends.de