Company increases dividend for 15th consecutive year
- Toro raises quarterly dividend by 5.9%
- Dividend increased to 36 cents per share
- Dividend payable on Jan. 11, 2024
- Company has increased dividends for 15 consecutive years
- Toro brands include Toro, HammerHead, and Lawn-Boy
Toro announced that its board has approved a 5.9% increase in the company’s regular quarterly cash dividend. The dividend will be raised to 36 cents per share, up from 34 cents per share. Shareholders of record at the end of business on Dec. 27 will receive the new dividend on Jan. 11, 2024. This marks the 15th consecutive year that Toro has increased its dividends. Toro is known for its brands including Toro, HammerHead, and Lawn-Boy.
Factuality Level: 10
Factuality Justification: The article provides factual information about Toro’s board approving a 5.9% increase in the company’s dividend, the new dividend amount, the payment date, and the company’s history of dividend increases.
Noise Level: 8
Noise Justification: The article provides basic information about Toro’s dividend increase, but it lacks any analysis, context, or actionable insights. It is a straightforward announcement without any depth or exploration of the consequences or implications of the decision. The article also does not provide any evidence, data, or examples to support its claims. Overall, it is a short and superficial piece of news that does not offer much value beyond the basic information.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to a financial company, Toro, and its decision to increase its regular quarterly cash dividend.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses a financial decision made by Toro, but there is no mention of any extreme event or its impact.
Public Companies: Toro (TTC)
Key People:
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