Tootsie Roll Industries (NYSE:TR) Stock

Tootsie Roll Industries

Tootsie Roll Industries Inc manufactures and sells confectionery products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, Razzles among others. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States and rest from Canada, Mexico and other regions.

Tootsie Roll Industries, Inc. Common Stock

Tootsie Roll Industries Inc

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Tootsie Roll Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TR#NYSE">TR</a>) reported quarterly earnings of $0.25 per share. This is a 13.64 percent increase over earnings of $0.22 per share from the same period last year. The company reported $146.52 million in sales this quarter. This is a 3.26 percent decrease over sales of $151.46 million the same period last year.

Earnings

News

Tootsie Roll Industries Q1 EPS $0.25 Up From $0.22 YoY, Sales $146.52M Down From $151.46M YoY

Tootsie Roll Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TR#NYSE">TR</a>) reported quarterly earnings of $0.46 per share. This is a 4.17 percent decrease over earnings of $0.48 per share from the same period last year. The company reported $223.89 million in sales this quarter. This is a 9.84 percent decrease over sales of $248.34 million the same period last year.

Tootsie Roll Industries Q3 EPS $0.46 Down From $0.48 YoY, Sales $223.89M Down From $248.34M YoY

Monday marks the last chance for investors to receive the next dividend payout from Tootsie Roll Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TR#NYSE">TR</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 9 cents per share. On Tuesday, Tootsie Roll Industries will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 9 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own TR as of the end of Monday's session are eligible to receive the 9 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 28, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Tootsie Roll Industries <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Tootsie Roll Industries's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

At the end of January 11, 2024, Tootsie Roll Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TR#NYSE">TR</a>) will reward its shareholders with a dividend payout of $0.09 per share, demonstrating an annualized dividend yield of 1.05%. Remember, only investors who held the stock before the ex-dividend date on December 19, 2023 will receive this payout.
<h3>Tootsie Roll Industries Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-19</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.05%</td>
<td>2023-12-05</td>
<td>2023-12-20</td>
<td>2024-01-11</td>
</tr>
<tr>
<td>2023-10-06</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.17%</td>
<td>2023-09-19</td>
<td>2023-10-10</td>
<td>2023-10-19</td>
</tr>
<tr>
<td>2023-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.96%</td>
<td>2023-06-06</td>
<td>2023-06-20</td>
<td>2023-07-06</td>
</tr>
<tr>
<td>2023-03-03</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.78%</td>
<td>2023-02-21</td>
<td>2023-03-06</td>
<td>2023-03-30</td>
</tr>
<tr>
<td>2022-12-20</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.79%</td>
<td>2022-12-06</td>
<td>2022-12-21</td>
<td>2023-01-11</td>
</tr>
<tr>
<td>2022-10-07</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.04%</td>
<td>2022-09-20</td>
<td>2022-10-11</td>
<td>2022-10-20</td>
</tr>
<tr>
<td>2022-06-17</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.12%</td>
<td>2022-06-06</td>
<td>2022-06-21</td>
<td>2022-07-07</td>
</tr>
<tr>
<td>2022-03-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.07%</td>
<td>2022-02-23</td>
<td>2022-03-07</td>
<td>2022-03-31</td>
</tr>
<tr>
<td>2021-12-21</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.0%</td>
<td>2021-12-07</td>
<td>2021-12-22</td>
<td>2022-01-12</td>
</tr>
<tr>
<td>2021-10-08</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.15%</td>
<td>2021-09-21</td>
<td>2021-10-12</td>
<td>2021-10-21</td>
</tr>
<tr>
<td>2021-06-17</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.08%</td>
<td>2021-06-07</td>
<td>2021-06-18</td>
<td>2021-07-06</td>
</tr>
<tr>
<td>2021-03-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>1.17%</td>
<td>2021-02-23</td>
<td>2021-03-05</td>
<td>2021-03-26</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Tootsie Roll Industries finds itself in the middle among its industry peers, while Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) boasts the highest annualized dividend yield at 5.65%.
<h3>Analyzing Tootsie Roll Industries Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704985536_0.png" alt="dividend chart graph" />
The company experienced a decrease in dividend per share from 2020 to 2023, with the dividend per share decreasing from $0.36 to $0.36. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.
<h3>YoY Earnings Growth For Tootsie Roll Industries</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704985536_1.png" alt="earning chart graph" />
The earnings chart above shows that from 2020 to 2023, Tootsie Roll Industries has experienced an increase in their earnings from $0.84 per share to $1.25 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
<h3>Recap</h3>
This article takes an in-depth look at Tootsie Roll Industries's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.09 per share today, translating to an annualized dividend yield of 1.05%.
With a dividend yield that places it neither at the top nor the bottom, Tootsie Roll Industries finds itself in the middle among its industry peers, while Cal-Maine Foods boasts the highest annualized dividend yield at 5.65%.
With dividend per share decreasing and earnings per share increasing from 2020 to 2023, Tootsie Roll Industries appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To read more news on Tootsie Roll Industries <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CALM

Stability and Investor Confidence: Tootsie Roll Industries Lowers Payouts with Growing Earnings

Monday marks the last chance for investors to receive the next dividend payout from Tootsie Roll Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TR#NYSE">TR</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 9 cents per share. On Tuesday, Tootsie Roll Industries will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 9 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own TR as of the end of Monday's session are eligible to receive the 9 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 11, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/TR">Track real-time stock fluctuations for Tootsie Roll Industries on Benzinga.</a>

Tootsie Roll Industries: Dividend Insights

Tootsie Roll Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TR#NYSE">TR</a>) reported quarterly earnings of $0.49 per share. This is a 28.95 percent increase over earnings of $0.38 per share from the same period last year. The company reported $248.34 million in sales this quarter. This is a 17.20 percent increase over sales of $211.89 million the same period last year.

Tootsie Roll Industries Q3 EPS $0.49 Up From $0.38 YoY, Sales $248.34M Up From $211.89M YoY

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Stocks That Hit 52-Week Lows On Monday

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said ONEOK, Inc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oke#NYSE">OKE</a>) management is terrific. &quot;The CFO Walter Hulse is like you and me, a Jersey-ite. I love it, so I think you should buy it <a href="https://www.benzinga.com/news/earnings/23/09/34472184/investor-optimism-improves-further-after-nasdaq-surges-1"> right here,&quot; he added. </a>
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Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Cramer said PayPal Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) has declining margins. &quot;I&rsquo;m not a big fan of fintech, I think it&rsquo;s a value trap, frankly, I&rsquo;m not there for that one I&#39;m just not there,&quot; he added.
The &quot;Mad Money&quot; host said no to Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>).
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Cramer said no to Clearfield, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clfd#NASDAQ">CLFD</a>).
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