Tootsie Roll Industries, Inc. (NYSE:TR) to Issue Dividend Increase – $3.00 Per Share

Tootsie Roll Industries, Inc. (NYSE:TR) declared a — dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 3.00 per share on Thursday, March 27th. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Tootsie Roll Industries’s previous — dividend of $0.09.

Tootsie Roll Industries has increased its dividend by an average of 13.4% annually over the last three years.

Tootsie Roll Industries Trading Up 3.1 %

Shares of TR stock opened at $32.28 on Friday. Tootsie Roll Industries has a 1-year low of $27.58 and a 1-year high of $34.00. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 26.46 and a beta of 0.21. The stock has a 50-day moving average of $31.43 and a 200-day moving average of $31.04.

Tootsie Roll Industries Company Profile

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.