Tootsie Roll Industries, Inc. (NYSE:TR) Declares 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. Stockholders 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 1.02%. The ex-dividend date is Wednesday, June 18th.

Tootsie Roll Industries has increased its dividend by an average of 13.4% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.

Tootsie Roll Industries Trading Up 0.3%

NYSE:TR traded up $0.11 during midday trading on Thursday, hitting $35.19. 82,160 shares of the company traded hands, compared to its average volume of 172,285. The firm's fifty day moving average is $32.56 and its 200-day moving average is $32.02. Tootsie Roll Industries has a 12-month low of $26.78 and a 12-month high of $36.25. The firm has a market capitalization of $2.57 billion, a P/E ratio of 28.84 and a beta of 0.39.

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 company had revenue of $146.52 million for the quarter.

Wall Street Analyst Weigh In

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

Institutional Trading of Tootsie Roll Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of TR. Royal Bank of Canada increased its stake in Tootsie Roll Industries by 4.4% in the first quarter. Royal Bank of Canada now owns 67,993 shares of the company's stock worth $2,140,000 after purchasing an additional 2,893 shares during the period. AQR Capital Management LLC increased its stake in Tootsie Roll Industries by 56.6% in the first quarter. AQR Capital Management LLC now owns 17,428 shares of the company's stock worth $549,000 after purchasing an additional 6,299 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 worth $6,769,000 after purchasing an additional 48,484 shares during the period. Hedge funds and other institutional investors own 14.28% of the company's stock.

About Tootsie Roll Industries

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.