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

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

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

Tootsie Roll Industries Trading Down 0.8%

TR opened at $37.66 on Friday. The company’s 50 day moving average is $39.48 and its 200-day moving average is $40.27. Tootsie Roll Industries has a 1-year low of $34.44 and a 1-year high of $45.06. The company has a market cap of $2.83 billion, a P/E ratio of 29.32 and a beta of 0.41.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The business 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%.

About Tootsie Roll Industries

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.