The Toro Company Increases Quarterly Cash Dividend

  The Toro Company Increases Quarterly Cash Dividend

  Board also authorizes repurchase of additional 5 million shares of common
                                    stock

Business Wire

BLOOMINGTON, Minn. -- December 11, 2012

The Toro Company (NYSE: TTC) today announced that its board of directors has
declared a quarterly cash dividend of $0.14 per share, an increase from the
previous quarterly dividend rate of $0.11 per share. This dividend is payable
on December 31, 2012, to shareholders of record on December 21, 2012. This
accelerated quarterly dividend replaces the dividend that would have been
payable in January 2013.

Additionally, the board authorized the repurchase of an additional 5 million
shares of common stock in the open market or in privately negotiated
transactions.

About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative
turf, landscape, rental and construction equipment, and irrigation and outdoor
lighting solutions. With sales of more than $1.9 billion in fiscal 2012,
Toro’s global presence extends to more than 90 countries through strong
relationships built on integrity and trust, constant innovation, and a
commitment to helping customers enrich the beauty, productivity and
sustainability of the land. Since 1914, the company has built a tradition of
excellence around a number of strong brands to help customers care for golf
courses, sports fields, public green spaces, commercial and residential
properties, and agricultural fields. More information is available at
www.toro.com.

Contact:

The Toro Company
Investor Relations
Kurt Svendsen, 952-887-8630
Managing Director, Corporate Communications and Investor Relations
invest@toro.com
or
Media Relations
Branden Happel, 952-887-8930
Senior Manager, Public Relations
pr@toro.com
 
Press spacebar to pause and continue. Press esc to stop.