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

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, December 18th will be given a dividend of 0.09 per share on Thursday, January 9th. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, December 18th.

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

Tootsie Roll Industries Price Performance

Shares of Tootsie Roll Industries stock traded up $0.24 during midday trading on Thursday, hitting $33.16. 69,738 shares of the company were exchanged, compared to its average volume of 150,560. The firm has a 50 day simple moving average of $31.06 and a 200-day simple moving average of $30.33. Tootsie Roll Industries has a 52 week low of $27.58 and a 52 week high of $35.84. The firm has a market cap of $2.37 billion, a P/E ratio of 25.22 and a beta of 0.21.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%. The company had revenue of $223.89 million during the quarter.

About Tootsie Roll Industries

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.