#7 - Tootsie Roll Industries (NYSE:TR)
Tootsie Roll Industries, Inc. (NYSE: TR) will likely be the least-known stock on this list. While the company’s main product is iconic, many investors may not be familiar with TR stock. One thing that you should be aware of is that this is a dividend king. It’s increased its dividend every year for the last 52 years.
Most of the company’s common shares are owned by the CEO and chairwoman, Ellen R. Gordon. This does have the effect of ensuring the low beta stock is rarely undervalued. Investors may not find much to get excited about with a forward dividend yield under 1%. But, the company pays a 3% dividend that investors can sell. That means the effective yield is about 4%.
In the past five years, Tootsie Roll Industries has delivered a stock price growth of 20%. Much of that gain, however, has come since October 2022 as investors are fleeing to safety. Nevertheless, this could be a case of great minds thinking alike, so if you’re looking for a safe stock with a rock-solid balance sheet, TR stock is one for you.
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.
Read More - Current Price
- $33.25
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
As this list of stocks confirms, in many cases, low beta stocks pay regular dividends. Dividends are monetary payments made to shareholders that are a percentage of the company's profits. This is another reason that makes them a solid choice for risk-averse investors. Receiving the benefit of regular income payments can be the difference in a stock outpacing inflation.
However, that doesn't mean you shouldn't expect to get a quality return. If you were to have invested in each of these stocks equally for the 12 months ending December 19, 2022 your portfolio would have a return of 35%. That number doesn't include any dividends you could have reinvested which adds the benefit of compounding.
The stocks on this list were found on the MarketBeat website as a free service for every investor. MarketBeat All-Access subscribers also have access to a variety of stock screeners that can help provide recommendations based on your specific criteria.
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