Tootsie Roll's 15-minute chart has exhibited expanding Bollinger Bands and a bullish Marubozu formation on August 26, 2022 at 2:00 PM. This indicates that the market trend is being driven by a dominant buyer sentiment, and it is likely that the bullish momentum will continue.
Tootsie Roll Industries, Inc. (TR) has shown promising signs of bullish momentum, as evidenced by its 15-minute chart on August 26, 2022, at 2:00 PM. The chart exhibited expanding Bollinger Bands and a bullish Marubozu formation, indicating a dominant buyer sentiment and likely continuation of the bullish trend [1].
Expanding Bollinger Bands and Bullish Marubozu Formation
The Bollinger Bands represent volatility and trend direction. Expanding Bollinger Bands suggest increasing volatility and potential trend continuation. The bullish Marubozu formation, characterized by a long white candle with no upper or lower wick, signifies strong buying pressure and a lack of selling interest, further supporting the bullish sentiment.
Dividend Performance
In addition to technical indicators, investors should also consider the company's dividend performance. As of August 21, 2025, Tootsie Roll has achieved a total return of +25.86% year-to-date, positioning it as one of the best-performing Dividend Kings [1]. This robust performance is accompanied by a dividend yield of 2.21%, which is above the average for the Dividend Kings group.
Dividend Growth and Earnings Projections
Tootsie Roll has announced a dividend increase since the last update, with the old rate of $0.4655 and the new rate of $0.5040, representing an 8.27% increase. This brings the collective 2025 dividend growth rate for all Dividend Kings up to 5.49% [1]. Analysts project a 3-5 year earnings growth rate of 2.60%, which is higher than the average growth rate for the Dividend Kings group.
Conclusion
The combination of expanding Bollinger Bands, a bullish Marubozu formation, and strong dividend performance suggests that Tootsie Roll Industries, Inc. is poised for continued growth. Investors should closely monitor these indicators and consider the company's fundamentals when making investment decisions.
References
[1] https://seekingalpha.com/article/4816341-best-dividend-kings-august-2025
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