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 given 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 is Friday, December 14th.
Tootsie Roll Industries has raised its dividend payment by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 52 years.
NYSE:TR opened at $34.11 on Friday. The firm 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 has a 12 month low of $27.45 and a 12 month high of $37.86.
Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Tuesday, October 23rd. The company reported $0.41 EPS for the quarter. The business had revenue of $181.51 million during the quarter. Tootsie Roll Industries had a net margin of 14.95% and a return on equity of 10.46%.
Separately, Cowen reiterated a “buy” rating on shares of Tootsie Roll Industries in a report on Wednesday, November 14th.
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About Tootsie Roll Industries
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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