Tootsie Roll Industries, Inc. (TR) to Issue — Dividend of $3.00 on March 27th

Tootsie Roll Industries, Inc. (NYSE:TR) declared a — dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be paid a dividend of 3.00 per share on Thursday, March 27th. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 5th. This is a boost from Tootsie Roll Industries’s previous — dividend of $0.09.

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

Tootsie Roll Industries Stock Up 3.1 %

NYSE:TR opened at $32.28 on Friday. The firm has a market capitalization of $2.31 billion, a PE ratio of 26.46 and a beta of 0.21. Tootsie Roll Industries has a twelve month low of $27.58 and a twelve month high of $34.00. The stock’s 50-day simple moving average is $31.43 and its 200 day simple moving average is $31.04.

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.