Tootsie Roll Industries, Inc. (NYSE:TR) to Issue Dividend Increase – $0.09 Per Share

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Thursday, June 10th, Wall Street Journal reports. Shareholders of record on Friday, June 18th will be paid a dividend of 0.09 per share on Tuesday, July 6th. This represents a $0.36 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, June 17th. This is a positive change from Tootsie Roll Industries’s previous quarterly dividend of $0.09.

Shares of TR traded down $0.51 during mid-day trading on Thursday, reaching $34.35. The company had a trading volume of 312,283 shares, compared to its average volume of 409,363. Tootsie Roll Industries has a 52-week low of $28.99 and a 52-week high of $58.98. The firm has a market capitalization of $2.33 billion, a PE ratio of 40.42 and a beta of -0.12. The company has a 50 day moving average price of $32.32.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Wednesday, April 21st. The company reported $0.16 EPS for the quarter. The business had revenue of $101.80 million for the quarter. Tootsie Roll Industries had a return on equity of 7.62% and a net margin of 12.39%.

Separately, TheStreet downgraded shares of Tootsie Roll Industries from a “b” rating to a “c+” rating in a research report on Monday, April 26th.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, Mexico, and internationally. The company sells its products under the Tootsie Roll, Tootsie Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, Nik-L-Nip, and Tutsi Pop trademarks.

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Dividend History for Tootsie Roll Industries (NYSE:TR)

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