BLOOMINGTON, Minn., Dec. 4 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 12 cents per share payable January 10, 2003 to stockholders of record December 18, 2002. As of September 4, the company has 12,407,286 common shares outstanding.

Toro is a leading worldwide provider of outdoor maintenance and beautification products for home, recreation and commercial landscapes.

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SOURCE The Toro Company

-0- 12/04/2002

/CONTACT: Investor Relations, Stephen P. Wolfe, Vice President, CFO, +1-952-887-8076, or Stephen D. Keating, Assistant Treasurer, Director, Investor Relations, +1-952-887-8526, or Media Relations, Shelley Benedict, +1-952-887-8930, or Toro Media Relations, pr@toro.com , all of The Toro Company/

/Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/103025.html/