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

Tootsie Roll Industries, Inc. (NYSE:TR) declared a quarterly dividend on Thursday, February 19th. Investors of record on Thursday, March 5th will be paid a dividend of 0.09 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 5th.

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

Tootsie Roll Industries Stock Up 0.6%

Shares of NYSE:TR traded up $0.24 during trading on Friday, reaching $41.52. The stock had a trading volume of 13,733 shares, compared to its average volume of 114,557. The stock has a fifty day simple moving average of $38.08 and a two-hundred day simple moving average of $39.15. Tootsie Roll Industries has a 52 week low of $29.13 and a 52 week high of $44.27. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.09 and a beta of 0.53.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.