Company: TR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001558370-25-001926
Chunk: 20

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 5
Chunk 20
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ITEM 5.               Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

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The Company’s common stock is traded on the New York Stock Exchange under the trading symbol, “TR”. The Company’s Class B common stock is subject to restrictions on transferability. The Class B common stock is convertible at the option of the holder into shares of common stock on a share-for-share basis. As of February 9, 2025 there were approximately 2,200 and 800 registered holders of record of common and Class B common stock, respectively. In addition, the Company estimates that as of February 9, 2025 there were 87,000 and 130 beneficial holders of common and Class B common stock, respectively. 

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The following table sets forth information about the shares of its common stock the Company purchased on the open market during the fiscal quarter ended December 31, 2024:

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Issuer Purchases of Equity Securities

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​​​​​​​​​​​​                ​    Total Number of    Maximum Number (or ​​Total​Average​Shares Purchased​Approximate Dollar Value) ​​Number​Price​as Part of Publicly​of Shares that May Yet ​​of Shares​Paid per​Announced Plans​be Purchased Under the Period​Purchased​Share​or Programs​Plans or Programs ​​​​​​​​​​​Oct 1 to Oct 31  217,418​$ 30.02 Not Applicable Not Applicable​Nov 1 to Nov 30  70,952​  30.09 Not Applicable Not Applicable​Dec 1 to Dec 31  82,867​  32.10 Not Applicable Not Applicable​Total  371,237​$ 30.50​​​​​

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All of the above share purchases were made in the open market. The Company does not have a formal dividend policy, but has historically issued quarterly dividends and in 2024 issued quarterly dividends of $0.09 per share.  The Company has also historically distributed an annual 3% stock dividend.  While the Company plans to continue to issue quarterly cash dividends and the annual stock dividend there can be no assurance that it will continue to