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

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.09 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, June 18th.

Tootsie Roll Industries has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years.

Tootsie Roll Industries Stock Performance

Shares of Tootsie Roll Industries stock opened at $38.05 on Friday. Tootsie Roll Industries has a one year low of $32.70 and a one year high of $45.06. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 28.46 and a beta of 0.41. The business’s 50 day moving average price is $41.47 and its 200 day moving average price is $39.93.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Friday, May 8th. The company reported $0.24 EPS for the quarter. Tootsie Roll Industries had a return on equity of 10.77% and a net margin of 13.70%.The company had revenue of $151.54 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Tootsie Roll Industries by 1,369,340.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 301,277 shares of the company’s stock worth $11,036,000 after acquiring an additional 301,255 shares in the last quarter. Millennium Management LLC boosted its position in shares of Tootsie Roll Industries by 121.9% during the 3rd quarter. Millennium Management LLC now owns 328,323 shares of the company’s stock worth $13,763,000 after acquiring an additional 180,351 shares in the last quarter. Invesco Ltd. boosted its position in shares of Tootsie Roll Industries by 98.1% during the 3rd quarter. Invesco Ltd. now owns 316,816 shares of the company’s stock worth $13,281,000 after acquiring an additional 156,929 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Tootsie Roll Industries during the 4th quarter worth about $3,077,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Tootsie Roll Industries by 29.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company’s stock worth $6,769,000 after acquiring an additional 48,484 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.