BLOOMINGTON, Minn., Dec 01, 2010 (BUSINESS WIRE) --

With a strong cash position, The Toro Company (NYSE: TTC) continues to return value to shareholders through dividend payments and share repurchases. Today, the company announced that its board of directors declared a regular quarterly cash dividend of $0.20 per share, an increase from its previous quarterly dividend rate of $0.18 per share. This dividend is payable on January 11, 2011 to shareholders of record on December 17, 2010.

The board also authorized the repurchase of 3 million shares of common stock, in addition to the 1.3 million shares remaining under the prior authorization.

About The Toro Company

The Toro Company (NYSE: TTC) is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of more than $1.5 billion in fiscal 2009, Toro's global presence extends to more than 80 countries through its reputation of world-class service, innovation and turf expertise. 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.

SOURCE: The Toro Company

Investor Relations
Kurt Svendsen, 952-887-8630
Director, Investor and Public Relations
invest@toro.com
or
Media Relations
Branden Happel, 952-887-8930
Manager, Public Relations
pr@toro.com