Toro Authorizes Repurchase of Additional 5 Million Shares
July 24, 2009
Bloomington, Minn.-based The Toro Co. last week announced that its board of directors has authorized the repurchase of an additional 5 million shares of common stock in the open market or in privately negotiated transactions. As of July 21, approximately 850,000 common shares remained available under a previous authorization.
The company’s continued strong cash flow enables it to return value to shareholders through dividends and share repurchases.
The Toro Company is a worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems.
