Tootsie Roll Industries, Inc. (TR) to Issue Quarterly Dividend of $0.09 on October 17th

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Tuesday, September 17th, Wall Street Journal reports. Stockholders of record on Tuesday, October 8th will be given a dividend of 0.09 per share on Thursday, October 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, October 8th.

Tootsie Roll Industries has decreased its dividend by an average of 6.4% per year over the last three years.

Tootsie Roll Industries Stock Performance

Shares of TR opened at $29.71 on Friday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.73 and a beta of 0.17. Tootsie Roll Industries has a 52 week low of $27.58 and a 52 week high of $35.84. The stock has a fifty day moving average of $30.27 and a 200-day moving average of $30.15.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $148.82 million during the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research report on Sunday, June 30th.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.