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

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) declared a quarterly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Thursday, June 19th will be given a dividend of 0.09 per share on Thursday, July 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, June 18th.

Tootsie Roll Industries Price Performance

Shares of TR stock traded down $0.60 during mid-day trading on Friday, hitting $34.55. The company had a trading volume of 135,684 shares, compared to its average volume of 173,561. The stock's 50 day moving average price is $32.69 and its 200-day moving average price is $32.05. Tootsie Roll Industries has a 52-week low of $26.78 and a 52-week high of $36.25. The company has a market capitalization of $2.52 billion, a P/E ratio of 28.32 and a beta of 0.42.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.25 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%. The business had revenue of $146.52 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

Institutional Investors Weigh In On Tootsie Roll Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Tootsie Roll Industries by 29.1% in the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock valued at $6,769,000 after purchasing an additional 48,484 shares during the period. AQR Capital Management LLC raised its holdings in Tootsie Roll Industries by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 17,428 shares of the company's stock valued at $549,000 after acquiring an additional 6,299 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Tootsie Roll Industries by 4.4% during the first quarter. Royal Bank of Canada now owns 67,993 shares of the company's stock worth $2,140,000 after buying an additional 2,893 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

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.