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NEW YORK ( TheStreet) -- The ex-dividend date for Toro Company (NYSE: TTC) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $58.30 as of 10:09 a.m. ET, the dividend yield is 1.5%. The average volume for Toro has been 136,400 shares per day over the past 30 days. Toro has a market cap of $1.78 billion and is part of the industrial goods sector and industrial industry. Shares are down 6% year to date as of the close of trading on Monday. The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. It operates in two segments, Professional and Residential. The Professional segment designs professional turf and agricultural products. The company has a P/E ratio of 15.9, above the average industrial industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7.