Tootsie Roll Industries's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Tootsie Roll Industries (NYSE:TR) announced a quarterly dividend of 9 cents per share, going ex-dividend on Tuesday. Shareholders owning TR by the end of Monday are eligible for the payout on March 28, 2024. The stock is expected to open 9 cents lower on Tuesday to reflect the dividend payout.
February 29, 2024 | 2:46 pm
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Tootsie Roll Industries announces a quarterly dividend of 9 cents per share, with the stock expected to open 9 cents lower on the ex-dividend date, Tuesday.
The announcement of a quarterly dividend and the subsequent expected drop in stock price on the ex-dividend date directly impacts TR's short-term stock performance. The stock is likely to open lower on the ex-dividend date, reflecting the dividend payout. This is a common occurrence as the dividend payout is factored into the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100