Key Highlights

  • Toro's $0.39 regular quarterly dividend has an October 6, 2026 ex-dividend date and is payable October 20 to shareholders of record.
  • Third-quarter net sales rose 8.4% to $1.23 billion, or 6.2% organically, with Professional segment sales up 8.8%.
  • Reported EPS rose 50.0% to $0.81, and adjusted EPS, a non-GAAP measure, rose 7.3% to $1.33.
  • Fiscal 2026 adjusted EPS guidance was raised to $4.60 to $4.65, and the company returned $471 million to shareholders year to date.

The Toro Company's (NYSE:TTC) $0.39 regular quarterly dividend yields 1.58% and sits beside third-quarter reported diluted EPS of $0.81 and adjusted diluted EPS of $1.33. The Board declared it on September 22, 2026, at the $0.39 rate set in December 2025, which was an increase from $0.38. Nine-month reported diluted EPS was $2.99.

Dividend Program and Shareholder Returns

Toro's Board declared a regular quarterly cash dividend of $0.39 per share on September 22, 2026. It is payable October 20 to shareholders of record at the close of business on October 6.

In December 2025, the Board declared $0.39, an increase over the previous $0.38, payable January 12, 2026, and authorized the repurchase of up to an additional 6 million shares. The March 2026 declaration of $0.39 was payable April 13 to holders of record March 30. The company returned $110 million to shareholders in the third quarter and $471 million year to date.

About the Company

Toro, based in Bloomington, Minnesota, is a leading global provider of solutions for the outdoor environment, including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, and irrigation and outdoor lighting. It reported net sales of $4.5 billion in fiscal 2025 and operates in more than 125 countries.

Financial Performance Behind the Payout

Toro reported third-quarter net sales of $1,225.8 million versus $1,131.3 million, up 8.4%. Professional segment net sales were $1,012.6 million, up 8.8%, and Residential segment net sales were $209.3 million, up 8.6%.

Net earnings were $77.0 million, or $0.81 per diluted share, versus $53.5 million, or $0.54. Adjusted net earnings were $126.8 million, or $1.33 per diluted share, versus $122.5 million, or $1.24. For the nine months, net earnings were $290.3 million, or $2.99 per diluted share, versus $243.1 million, or $2.42. Adjusted nine-month net earnings were $354.8 million, or $3.66, versus $330.2 million, or $3.29.

Reported and Adjusted Earnings Side by Side

Reported EPS rose 50.0% in the quarter while adjusted EPS rose 7.3%, and the company reports both measures in its release. The 10-Q states that the order backlog at the end of the third quarter was similar to the end of the third quarter of fiscal 2025, as backlog has largely normalized.

Outlook

Toro's fiscal 2026 guidance is net sales growth of 6.3% to 6.6%, raised from 4% to 6.5%, and adjusted EPS of $4.60 to $4.65, raised from $4.50 to $4.62. The company states implied fourth-quarter net sales growth of 3.9% to 5.1% and adjusted EPS of $0.93 to $0.98. Professional segment sales, backlog levels and the pace of repurchases are the measures reported alongside that guidance.