Tootsie Roll Industries, Inc. (NYSE:TR) Declares Dividend Increase – $0.09 Per Share

Tootsie Roll Industries, Inc. (NYSE:TR) declared a quarterly dividend on Thursday, June 10th, Wall Street Journal reports. Stockholders of record on Friday, June 18th will be given a dividend of 0.09 per share on Tuesday, July 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 17th. This is an increase from Tootsie Roll Industries’s previous quarterly dividend of $0.09.

NYSE TR traded down $0.51 on Thursday, hitting $34.35. 312,283 shares of the stock were exchanged, compared to its average volume of 409,363. Tootsie Roll Industries has a 52-week low of $28.99 and a 52-week high of $58.98. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 40.42 and a beta of -0.12. The business has a fifty day moving average price of $32.32.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Wednesday, April 21st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $101.80 million during the quarter. Tootsie Roll Industries had a net margin of 12.39% and a return on equity of 7.62%.

Separately, TheStreet lowered Tootsie Roll Industries from a “b” rating to a “c+” rating in a research note on Monday, April 26th.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, Mexico, and internationally. The company sells its products under the Tootsie Roll, Tootsie 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.

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Dividend History for Tootsie Roll Industries (NYSE:TR)

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