Tootsie Roll Industries, Inc. (NYSE:TR) Increases Dividend to $3.00 Per Share

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) announced a -- dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, March 5th will be paid a dividend of 3.00 per share on Thursday, March 27th. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 5th. This is a boost from Tootsie Roll Industries's previous -- dividend of $0.09.

Tootsie Roll Industries has raised its dividend by an average of 13.4% per year over the last three years.

Tootsie Roll Industries Stock Performance

NYSE TR traded down $1.08 on Monday, hitting $31.29. The stock had a trading volume of 179,111 shares, compared to its average volume of 109,460. Tootsie Roll Industries has a 52-week low of $27.58 and a 52-week high of $34.00. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 25.64 and a beta of 0.21. The firm has a 50-day moving average of $31.41 and a 200-day moving average of $31.09.

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.