NEW YORK ( TheStreet) -- The ex-dividend date for Tootsie Roll Industries Incorporated (NYSE: TR) is tomorrow, December 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $23.41 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Tootsie Roll has been 107,300 shares per day over the past 30 days. Tootsie Roll has a market cap of $883.7 million and is part of the consumer goods sector and food & beverage industry. Shares are down 15.8% 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 33.3, below the average food & beverage industry P/E ratio of 33.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tootsie Roll as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. 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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