Tootsie Roll Industries, Inc. (NYSE:TR) to Issue — Dividend of $3.00

Tootsie Roll Industries, Inc. (NYSE:TR) declared a — dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, March 5th will be paid a dividend of 3.00 per share on Friday, April 4th. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Tootsie Roll Industries’s previous — dividend of $0.09.

Tootsie Roll Industries has raised its dividend payment by an average of 13.4% per year over the last three years.

Tootsie Roll Industries Stock Up 1.2 %

Shares of Tootsie Roll Industries stock traded up $0.39 on Friday, reaching $31.70. The company’s stock had a trading volume of 50,052 shares, compared to its average volume of 103,316. The company has a market capitalization of $2.26 billion, a P/E ratio of 25.98 and a beta of 0.21. Tootsie Roll Industries has a 52-week low of $27.58 and a 52-week high of $34.00. The stock has a 50-day moving average price of $31.42 and a 200-day moving average price of $31.02.

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.