Tootsie Roll Industries: Dividend Insights
Portfolio Pulse from Benzinga Insights
Tootsie Roll Industries (NYSE:TR) announced a quarterly dividend of 9 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, payable on January 11, 2024. The stock is expected to open 9 cents lower on the ex-dividend date.
December 14, 2023 | 2:45 pm
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Tootsie Roll Industries is set to pay a quarterly dividend of 9 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price is likely to drop in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence in the market. The importance is moderate as dividends are a regular part of the company's financial calendar, but the impact on stock price is typically short-lived and predictable.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100