Toro 2012 Annual Report Download - page 29
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Please find page 29 of the 2012 Toro annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.PART II
Purchases of Equity Securities – The following table sets forth
ITEM 5. MARKET FOR REGISTRANT’S
information with respect to shares of our common stock purchased
COMMON EQUITY, RELATED
by the company during each of the three fiscal months in our
STOCKHOLDER MATTERS, AND
fourth quarter ended October 31, 2012.
ISSUER PURCHASES OF EQUITY
SECURITIES
Total
Number of Maximum
Our common stock is listed for trading on the New York Stock Shares Number of
Exchange and trades under the symbol ‘‘TTC.’’ The high, low, and Purchased Shares that
last sales prices for our common stock and cash dividends paid for as Part of May Yet be
Total Average Publicly Purchased
each of the quarterly periods for fiscal 2012 and 2011 were as
Number of Price Announced Under the
follows: Shares Paid Per Plans or Plans or
Period Purchased
1,2,3
Share Programs
1
Programs
1
Fiscal year ended August 4, 2012 through
October 31, 2012 First Second Third Fourth August 31, 2012 53,964 $37.07 48,992 2,078,115
Market price per share of September 1, 2012
common stock
1
through September 28,
High sales price $33.135 $36.525 $40.338 $42.360 2012 166,323 39.25 165,863 1,912,252
Low sales price 25.890 30.000 32.750 35.640 September 29, 2012
Last sales price 32.650 35.305 37.910 42.220 through October 31,
Cash dividends per share of 2012 441,701 39.73 437,575 1,474,677
common stock
1,2
0.11 0.11 0.11 0.11 Total 661,988 $39.39 652,430
1
On December 1, 2010, the Board of Directors authorized the repurchase of
Fiscal year ended 6,000,000 shares of our common stock (as adjusted from the original amount of
October 31, 2011 First Second Third Fourth 3,000,000 shares in connection with our two-for-one stock split effective June 29,
2012) in open-market or in privately negotiated transactions. This program has no
Market price per share of common
expiration date but may be terminated by the Board at any time.
stock
1
2
Includes 8,666 shares of our common stock surrendered by employees to satisfy
High sales price $32.395 $33.975 $34.215 $28.280
minimum tax withholding obligations upon vesting of restricted stock granted
Low sales price 27.980 28.790 25.930 22.525
under our stock-based compensation plans. These 8,666 shares were not repur-
Last sales price 30.355 33.955 26.915 27.020
chased under our repurchase program, described in footnote 1 above.
Cash dividends per share of
3
Includes 892 units (shares) of our common stock purchased in open-market
common stock
1,2
0.10 0.10 0.10 0.10
transactions at an average price of $39.99 per share on behalf of a rabbi trust
1
Market prices and per share data have been adjusted for all periods presented to formed to pay benefit obligations to participants in deferred compensation plans.
reflect the impact of the company’s two-for-one stock split effective June 29, These 892 shares were not repurchased under our repurchase program,
2012. described in footnote 1 above.
2
Future cash dividends will depend upon our financial condition, capital require-
ments, results of operations, and other factors deemed relevant by our Board of On December 11, 2012, our Board of Directors authorized the
Directors.
repurchase of up to an additional 5,000,000 shares of our common
Common Stock – 100,000,000 shares authorized, $1.00 par stock in open-market or in privately negotiated transactions. This
value, 58,266,482 and 59,206,190 shares outstanding as of Octo- repurchase program has no expiration date but may be terminated
ber 31, 2012 and 2011, respectively. by the Board at any time.
Preferred Stock – 1,000,000 voting shares and 850,000 non-vot-
ing shares authorized, $1.00 par value, no shares outstanding.
Shareholders – As of December 12, 2012, we had approximately
3,917 shareholders of record.
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