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The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Sept. 23 /PRNewswire-FirstCall/ -- The board of directors of The Toro Company (NYSE: TTC) announced it has declared a regular quarterly cash dividend of 6 cents per share payable October 17, 2003 to stockholders of record October 3, 2003. As of September 23, the company has 27,045,852 common shares outstanding.

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

SOURCE The Toro Company CONTACT: Investor Relations, Stephen P. Wolfe, Vice President, CFO, +1-952-887-8076, or Stephen D. Keating, Director, Investor Relations, +1-952-887-8526, or Media Relations, Connie Hawkinson, Toro Media Relations, +1-952-887-8984, pr@toro.com , all of Toro Company Web site: http://www.thetorocompany.com

Our Company

At The Toro Company, we take great pride in helping our customers enrich the beauty, productivity, and sustainability of the land. Founded in 1914, The Toro Company was built on a tradition of quality and caring relationships. Today, the company is a leading worldwide provider of innovative solutions for the outdoor environment including turf maintenance, snow and ice management, landscape, rental and specialty construction equipment, and irrigation and outdoor lighting solutions. Through a strong network of professional distributors, dealers and retailers in more than 125 countries, we proudly offer a wide range of products across a family of global brands to help golf courses, professional contractors, groundskeepers, agricultural growers, rental companies, government and educational institutions, and homeowners – in addition to many leading sports venues and historic sites around the world.