The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., Mar 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- 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 April 12, 2002 to stockholders of record March 25, 2002. As of March 14, the company has 12,598,659 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

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,
                  +1-952-887-8960, , all for The Toro Company
                  /Company News On-Call:

Copyright (C) 2002 PR Newswire.  All rights reserved.

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.