Tootsie Roll Industries, Inc. (TR) to Issue Quarterly Dividend of $0.09 on July 9th

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Thursday, June 18th will be given a dividend of 0.09 per share on Thursday, July 9th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, June 18th.

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 Up 1.0%

TR stock opened at $38.46 on Friday. The business has a fifty day moving average of $41.41 and a two-hundred day moving average of $39.92. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 28.76 and a beta of 0.41. Tootsie Roll Industries has a 52-week low of $32.70 and a 52-week high of $45.06.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Friday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $151.54 million during the quarter. Tootsie Roll Industries had a return on equity of 10.77% and a net margin of 13.70%.

Tootsie Roll Industries Company Profile

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.