Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Shareholders of record on Monday, December 17th will be paid a dividend of 0.09 per share on Wednesday, January 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, December 14th.
Tootsie Roll Industries has increased its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend every year for the last 52 years.
Shares of Tootsie Roll Industries stock opened at $34.11 on Friday. Tootsie Roll Industries has a fifty-two week low of $27.45 and a fifty-two week high of $37.86. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 28.88 and a beta of 0.33.
Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Tuesday, October 23rd. The company reported $0.41 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 14.95% and a return on equity of 10.46%. The firm had revenue of $181.51 million for the quarter.
Separately, Cowen reaffirmed a “buy” rating on shares of Tootsie Roll Industries in a research note on Wednesday, November 14th.
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Tootsie Roll Industries Company Profile
Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. 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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