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

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

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

Tootsie Roll Industries Price Performance

Shares of TR opened at $38.05 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 28.46 and a beta of 0.41. Tootsie Roll Industries has a 1 year low of $32.70 and a 1 year high of $45.06. The business’s 50 day simple moving average is $41.47 and its 200-day simple moving average is $39.93.

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

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.