Toro 2015 Annual Report Download - page 32

PART II
Shareholders – As of December 11, 2015, we had approximately
ITEM 5. MARKET FOR REGISTRANT’S COMMON
3,298 shareholders of record.
EQUITY, RELATED STOCKHOLDER
MATTERS, AND ISSUER PURCHASES OF Purchases of Equity Securities – The following table sets forth
information with respect to shares of our common stock purchased
EQUITY SECURITIES
by the company during each of the three fiscal months in our
fourth quarter ended October 31, 2015.
Our common stock is listed for trading on the New York Stock
Exchange and trades under the symbol ‘‘TTC.’’ The high, low, and
last sales prices for our common stock and cash dividends paid for Total
Number of Maximum
each of the quarterly periods for fiscal 2015 and 2014 were as
Shares Number of
follows: Purchased Shares that
as Part of May Yet be
Fiscal year ended Total Average Publicly Purchased
October 31, 2015 First Second Third Fourth Number of Price Announced Under the
Shares Paid Per Plans or Plans or
Market price per share of common
Period Purchased
1,2
Share Programs
1
Programs
1
stock
High sales price $67.47 $70.28 $70.59 $75.83 August 1, 2015
Low sales price 60.20 64.62 66.03 66.55 through
Last sales price 64.91 67.90 68.33 75.27 August 28, 2015 42,200 $68.60 42,200 1,343,188
Cash dividends per share of August 29, 2015
common stock
1
0.25 0.25 0.25 0.25 through
September 25, 2015 100,739 70.79 100,739 1,242,449
September 26, 2015
Fiscal year ended through
October 31, 2014 First Second Third Fourth October 31, 2015 84,122 71.52 83,135 1,159,314
Market price per share of common Total 227,061 $70.65 226,074
stock
1
On December 11, 2012, our Board of Directors authorized the repurchase of
High sales price $65.31 $67.35 $66.30 $63.19
5,000,000 shares of our common stock in open-market or in privately negotiated
Low sales price 56.96 61.48 58.91 55.77
transactions. This program has no expiration date but may be terminated by our
Last sales price 63.36 64.33 59.16 61.73
Board of Directors at any time.
Cash dividends per share of common
2
Includes 987 units (shares) of our common stock purchased in open-market
stock
1
0.20 0.20 0.20 0.20
transactions at an average price of $74.39 per share on behalf of a rabbi trust
1
Future cash dividends will depend upon our financial condition, capital require- formed to pay benefit obligations to participants in deferred compensation plans.
ments, results of operations, and other factors deemed relevant by our Board of These 987 shares were not repurchased under our repurchase program,
Directors. Restrictions on our ability to pay dividends are disclosed in Item 7, described in footnote 1 above.
‘‘Management’s Discussion and Analysis of Financial Condition and Results of
Operations’’ and Note 6 of the Notes to Consolidated Financial Statements On December 3, 2015, our Board of Directors authorized the
included in Item 8, ‘‘Financial Statements and Supplementary Data.’’ repurchase of up to an additional 4,000,000 shares of our common
stock in open-market or in privately negotiated transactions. This
Common Stock – 175,000,000 shares authorized, $1.00 par
repurchase program has no expiration date but may be terminated
value, as of October 31, 2015 and 2014. 54,650,916 and
by our Board of Directors at any time.
55,678,419 shares outstanding as of October 31, 2015 and 2014,
respectively.
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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