TORO CO (NYSE:TTC) - A Reliable Dividend Stock Worth Considering

TORO CO (NYSE:TTC) was identified as a strong dividend candidate by our stock screener, which looks for companies with high dividend ratings, solid profitability, and reasonable financial health. TTC stands out for its consistent dividend history and sustainable payout ratio, making it an appealing option for income-focused investors.

Dividend Strength

• Dividend Yield: TTC offers a 2.19% yield, slightly below the S&P 500 average of 2.43% but above its industry average of 1.94%.
• Dividend Growth: The company has increased its dividend by an average of 9.97% annually over the past five years, demonstrating a commitment to rewarding shareholders.
• Track Record: TTC has paid dividends for at least 10 years without any reductions, indicating reliability.
• Payout Ratio: At 37.79% of earnings, the dividend appears sustainable, with room for future increases.

Profitability & Financial Health

• Strong Profitability: TTC scores 7/10 on profitability, with a Return on Equity (ROE) of 27.01%, well above industry peers.
• Reasonable Valuation: The stock trades at a P/E of 16.90, cheaper than 72.66% of its industry competitors.
• Financial Health: While liquidity metrics are weaker, TTC maintains a solid Altman-Z score of 4.29, suggesting low bankruptcy risk.

For a deeper look, review the full fundamental report on TTC.

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Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.