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

Tootsie Roll Industries, Inc. (NYSE:TR) announced a quarterly dividend on Thursday, June 4th. Investors of record on Thursday, June 18th will be paid a dividend of 0.09 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, June 18th.

Tootsie Roll Industries has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years.

Tootsie Roll Industries Trading Up 1.0%

Shares of NYSE:TR opened at $38.05 on Friday. Tootsie Roll Industries has a 12-month low of $32.70 and a 12-month high of $45.06. The company has a fifty day simple moving average of $41.47 and a 200 day simple moving average of $39.93. The firm has a market cap of $2.86 billion, a PE ratio of 28.46 and a beta of 0.41.

Tootsie Roll Industries (NYSE:TR) last released its earnings results on Friday, May 8th. The company reported $0.24 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%. The firm had revenue of $151.54 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio boosted its holdings in shares of Tootsie Roll Industries by 3.0% during the first quarter. Strs Ohio now owns 8,961 shares of the company’s stock valued at $383,000 after acquiring an additional 261 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Tootsie Roll Industries by 48.1% in the first quarter. EverSource Wealth Advisors LLC now owns 958 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the period. Parallel Advisors LLC lifted its holdings in Tootsie Roll Industries by 9.7% in the third quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock worth $173,000 after purchasing an additional 364 shares during the period. California State Teachers Retirement System lifted its holdings in Tootsie Roll Industries by 2.2% in the first quarter. California State Teachers Retirement System now owns 17,485 shares of the company’s stock worth $747,000 after purchasing an additional 375 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Tootsie Roll Industries by 5.5% in the fourth quarter. Corient Private Wealth LLC now owns 7,196 shares of the company’s stock worth $264,000 after purchasing an additional 377 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.