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

Posted by Rob Hiaasen on Sep 19th, 2024

Tootsie Roll Industries, Inc. (NYSE:TR – Get Free Report) declared a quarterly dividend on Tuesday, September 17th, Wall Street Journal reports. Shareholders of record on Tuesday, October 8th will be paid 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 by an average of 6.4% per year over the last three years.

Tootsie Roll Industries Price Performance

Shares of TR stock traded down $0.43 on Thursday, hitting $31.97. The stock had a trading volume of 213,787 shares, compared to its average volume of 140,424. The business has a 50 day moving average of $30.03 and a 200 day moving average of $30.24. Tootsie Roll Industries has a 12-month low of $27.58 and a 12-month high of $35.84. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 24.40 and a beta of 0.16.

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

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Tootsie Roll Industries

Tootsie Roll Industries Company Profile

(Get Free Report)

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.