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

by · The Markets Daily

Tootsie Roll Industries, Inc. (NYSE:TR – Get Free Report) declared a quarterly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.09 per share on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, December 24th.

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

Tootsie Roll Industries Stock Up 1.2%

Shares of TR traded up $0.46 on Wednesday, hitting $37.63. 9,993 shares of the stock traded hands, compared to its average volume of 169,566. Tootsie Roll Industries has a 1 year low of $28.67 and a 1 year high of $44.27. The stock’s 50 day moving average is $39.47 and its two-hundred day moving average is $38.28. The firm has a market capitalization of $2.75 billion, a P/E ratio of 29.15 and a beta of 0.44.

Tootsie Roll Industries (NYSE:TR – Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.49 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 10.53% and a net margin of 12.99%.The company had revenue of $232.71 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its position in Tootsie Roll Industries by 13.4% during the third quarter. CANADA LIFE ASSURANCE Co now owns 16,067 shares of the company’s stock valued at $663,000 after acquiring an additional 1,901 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Tootsie Roll Industries during the 3rd quarter worth about $592,000. Verition Fund Management LLC increased its position in Tootsie Roll Industries by 75.8% during the 3rd quarter. Verition Fund Management LLC now owns 12,166 shares of the company’s stock worth $510,000 after purchasing an additional 5,244 shares in the last quarter. Millennium Management LLC raised its holdings in Tootsie Roll Industries by 121.9% in the third quarter. Millennium Management LLC now owns 328,323 shares of the company’s stock valued at $13,763,000 after buying an additional 180,351 shares during the period. Finally, Citadel Advisors LLC lifted its position in Tootsie Roll Industries by 6.0% during the third quarter. Citadel Advisors LLC now owns 94,223 shares of the company’s stock valued at $3,950,000 after buying an additional 5,304 shares in the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

About Tootsie Roll Industries

(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.

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