A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 30% to Buy Right Now

The Toro Company (NYSE: TTC) states that its purpose is to "help our customers enrich the beauty, productivity, and sustainability of the land." Its sales range from mowers and turf maintenance equipment to irrigation solutions, underground construction equipment, and snow and ice management products.Powered by No. 1 or No. 2 market-share positions in most of its product categories, Toro has delivered total returns of 4,930% since 2000 -- rocketing past the S&P 500's returns of 560% over the same time.Over the last two years, though, Toro's sales dipped 1% while its net income slid 10%, prompting the stock to plummet 30% from its all-time highs. This leaves the shares trading at their most reasonable valuation in nearly a decade and the dividend yield at a 10-year high of 1.7%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool