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

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Investors of record on Tuesday, October 8th will be given a dividend of 0.09 per share on Thursday, October 17th. This represents a $0.36 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, October 8th.

Tootsie Roll Industries has decreased its dividend payment by an average of 6.4% annually over the last three years.

Tootsie Roll Industries Stock Down 1.5 %

TR traded down $0.50 during trading on Thursday, hitting $31.90. The company’s stock had a trading volume of 151,209 shares, compared to its average volume of 140,078. The firm has a market capitalization of $2.28 billion, a P/E ratio of 24.79 and a beta of 0.16. Tootsie Roll Industries has a twelve month low of $27.58 and a twelve month high of $35.84. The stock’s fifty day moving average price is $30.03 and its 200-day moving average price is $30.24.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%. The firm had revenue of $148.82 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research report on Sunday, June 30th.

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.