Tootsie Roll Industries, Inc. (NYSE:TR) to Issue Quarterly Dividend of $0.09

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, October 7th will be paid a dividend of 0.09 per share on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, October 7th.

Tootsie Roll Industries has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Tootsie Roll Industries Stock Performance

NYSE:TR opened at $37.66 on Friday. The stock’s 50 day moving average price is $39.48 and its 200 day moving average price is $40.27. Tootsie Roll Industries has a 52 week low of $34.44 and a 52 week high of $45.06. The company has a market capitalization of $2.83 billion, a P/E ratio of 29.32 and a beta of 0.41.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $154.22 million during the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a confectionery company that manufactures and sells candy products in the United States and internationally. Founded in 1896 by Leo Hirschfield, the company is headquartered in Chicago, Illinois, and has built a portfolio of widely recognized brands sold through retail, grocery, convenience, and other distribution channels.

Its products include Tootsie Rolls and Tootsie Pops, along with Dubble Bubble, Charms, Junior Mints, DOTS, Sugar Babies, Sugar Daddy, Charleston Chew, Andes, and Cella’s.