Toro 2010 Annual Report Download - page 27

PART II
Shareholders – As of December 16, 2010, Toro had approxi-
ITEM 5. MARKET FOR REGISTRANT’S
mately 4,074 shareholders of record.
COMMON EQUITY, RELATED
STOCKHOLDER MATTERS, AND
Purchases of Equity Securities – The following table sets forth
ISSUER PURCHASES OF EQUITY
information with respect to shares of Toro common stock pur-
SECURITIES chased by the company during each of the three fiscal months in
the period ended October 31, 2010.
Toro common stock is listed for trading on the New York Stock
Exchange and trades under the symbol ‘‘TTC.’’ The high, low, and Total
last sales prices for Toro common stock and cash dividends paid Number of Maximum
Shares Number of
for each of the quarterly periods for fiscal 2010 and 2009 were as
Purchased Shares that
follows: as Part of May Yet be
Total Average Publicly Purchased
Fiscal year ended Number of Price Announced Under the
October 31, 2010 First Second Third Fourth Shares Paid Per Plans or Plans or
Period Purchased
1
Share Programs Programs
1
Market price per share of common
stock – July 31, 2010 through
High sales price $43.91 $57.50 $58.50 $58.00 August 27, 2010 – – – 1,338,150
Low sales price 36.47 37.50 46.32 48.39 August 28, 2010 through
Last sales price 38.95 56.94 52.05 56.76 October 1, 2010 8,912 56.96 8,912 1,329,238
Cash dividends per share of October 2, 2010 through
common stock
1
0.18 0.18 0.18 0.18 October 31, 2010 1,289
2
57.86 – 1,329,238
Total 10,201 $57.07 8,912
Fiscal year ended
1
On July 21, 2009, the company’s Board of Directors authorized the repurchase of
October 31, 2009 First Second Third Fourth 5,000,000 shares of the company’s common stock in open-market or in privately
negotiated transactions. This program has no expiration date but may be termi-
Market price per share of common
nated by the company’s Board of Directors at any time. The company purchased
stock –
an aggregate of 8,912 shares during the period indicated above under this
High sales price $36.55 $31.66 $36.18 $42.03
program.
Low sales price 24.80 20.26 26.57 34.06
2
Includes 1,289 units (shares) of Toro common stock purchased in open-market
Last sales price 29.61 29.75 34.66 37.02
transactions at an average price of $57.86 per share on behalf of a rabbi trust
Cash dividends per share of common
formed to pay benefit obligations of the company to participants in deferred com-
stock
1
0.15 0.15 0.15 0.15
pensation plans. These 1,289 shares were not repurchased under the company’s
1
Future cash dividends will depend upon the company’s financial condition, capital repurchase program, as described in footnote 1 above.
requirements, results of operations, and other factors deemed relevant by the
Board of Directors. On December 1, 2010, the company’s Board of Directors autho-
rized the repurchase of up to an additional 3,000,000 shares of its
Common Stock – 100,000,000 shares authorized, $1.00 par common stock in open-market or privately negotiated transactions.
value, 31,394,942 and 33,369,486 shares outstanding as of Octo- This repurchase authorization has no expiration date but may be
ber 31, 2010 and 2009, respectively. terminated by the company’s Board of Directors at any time.
Preferred Stock – 1,000,000 voting shares and 850,000
non-voting shares authorized, $1.00 par value, no shares
outstanding.
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