Tootsie Roll Stock To Go Ex-dividend Tomorrow (TR)

NEW YORK (TheStreet) -- The ex-dividend date for Tootsie Roll Industries Incorporated (NYSE:TR) is tomorrow, March 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $23.37 as of 10 a.m. ET, the dividend yield is 1.4%.

The average volume for Tootsie Roll has been 109,600 shares per day over the past 30 days. Tootsie Roll has a market cap of $901 million and is part of the consumer goods sector and food & beverage industry. Shares are down 1.8% year to date as of the close of trading on Wednesday.

Tootsie Roll Industries, Inc. engages in the manufacture and sale of confectionery products primarily in the United States, Canada, and Mexico. The company has a P/E ratio of 32.7, below the average food & beverage industry P/E ratio of 34.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Tootsie Roll as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Tootsie Roll Ratings Report.

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