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

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, December 18th will be given a dividend of 0.09 per share on Thursday, January 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 18th.

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

Tootsie Roll Industries Stock Down 1.1 %

Shares of TR opened at $31.78 on Monday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 24.26 and a beta of 0.21. Tootsie Roll Industries has a twelve month low of $27.58 and a twelve month high of $35.84. The firm has a fifty day simple moving average of $31.34 and a two-hundred day simple moving average of $30.45.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $223.89 million for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%.

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.