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

Tootsie Roll Industries, Inc. (NYSE:TR) declared a quarterly dividend on Wednesday, September 17th. Investors of record on Tuesday, October 7th will be given a dividend of 0.09 per share on Thursday, October 16th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, October 7th.

Tootsie Roll Industries Price Performance

TR stock opened at $43.68 on Friday. Tootsie Roll Industries has a 1 year low of $28.26 and a 1 year high of $43.79. The company has a market cap of $3.19 billion, a P/E ratio of 35.02 and a beta of 0.45. The firm has a 50-day moving average of $40.12 and a 200 day moving average of $35.80.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%. The company had revenue of $153.19 million during the quarter.

Institutional Investors Weigh In On Tootsie Roll Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of TR. Geode Capital Management LLC grew its holdings in Tootsie Roll Industries by 75.4% in the second quarter. Geode Capital Management LLC now owns 472,180 shares of the company’s stock worth $15,797,000 after purchasing an additional 203,042 shares during the period. ProShare Advisors LLC bought a new stake in shares of Tootsie Roll Industries during the second quarter valued at approximately $6,289,000. Allspring Global Investments Holdings LLC increased its position in shares of Tootsie Roll Industries by 9.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company’s stock valued at $39,229,000 after acquiring an additional 102,519 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Tootsie Roll Industries by 260.7% during the second quarter. Teacher Retirement System of Texas now owns 114,589 shares of the company’s stock valued at $3,833,000 after acquiring an additional 82,823 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Tootsie Roll Industries by 3,573.7% during the first quarter. GAMMA Investing LLC now owns 66,383 shares of the company’s stock valued at $2,109,000 after acquiring an additional 64,576 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

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.