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

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Thursday, September 23rd, Wall Street Journal reports. Shareholders of record on Tuesday, October 12th will be paid a dividend of 0.09 per share on Thursday, October 21st. This represents a $0.36 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, October 8th.

Shares of TR traded down $0.07 during mid-day trading on Thursday, hitting $30.19. 80,747 shares of the company’s stock were exchanged, compared to its average volume of 325,726. Tootsie Roll Industries has a 52 week low of $28.99 and a 52 week high of $58.98. The stock’s 50-day simple moving average is $32.79 and its 200-day simple moving average is $32.88. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 34.29 and a beta of -0.11.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Wednesday, July 21st. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $114.56 million for the quarter. Tootsie Roll Industries had a net margin of 12.01% and a return on equity of 7.93%.

In related news, major shareholder Leigh R. Weiner sold 285,459 shares of the firm’s stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $34.55, for a total transaction of $9,862,608.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 67.90% of the stock is owned by company insiders.

An institutional investor recently raised its position in Tootsie Roll Industries stock. Morgan Stanley increased its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 28.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,267 shares of the company’s stock after acquiring an additional 26,606 shares during the quarter. Morgan Stanley owned approximately 0.18% of Tootsie Roll Industries worth $4,112,000 as of its most recent SEC filing. 18.98% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc engages in the manufacture and sale of confectionery products. Its brands include tootsie roll, tootsie pop, charms blow pop, andes mints, sugar daddy, charleston chew, dubble bubble, razzles, caramel apple pop, junior mints, cella’s chocolate-covered cherries, and nik-L-nip.

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Dividend History for Tootsie Roll Industries (NYSE:TR)

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