NEW YORK ( TheStreet) -- The ex-dividend date for Tootsie Roll Industries Incorporated (NYSE: TR) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $24.82 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Tootsie Roll has been 111,700 shares per day over the past 30 days. Tootsie Roll has a market cap of $898.6 million and is part of the consumer goods sector and food & beverage industry. Shares are down 14.2% year to date as of the close of trading on Tuesday.

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 28.7, above the average food & beverage industry P/E ratio of 28.3 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 largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tootsie Roll Ratings Report.

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