The Toro Company Declares Regular Quarterly Dividend

BLOOMINGTON, Minn., May 16, 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 July 12, 2002 to stockholders of record June 18, 2002. As of June 18, the company has 12,676,725 common shares outstanding.

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

                    MAKE YOUR OPINION COUNT -  Click Here
SOURCE The Toro Company

CONTACT:          Investors, 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 of
                  Toro Media Relations, , +1-952-887-8930, all of 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.