The Meme Stock That Actually Has Real Value
Tootsie Roll Industries (NYSE: TR) is one of the few public companies with primary operations focused on confectionery production. Yet, what was once one of the meme stocks temporarily restricted from trading on Robinhood due to extreme volatility may soon outgrow its meme stock designation.
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For 58 consecutive years, Tootsie Roll has increased its annual dividend, making it a Dividend King. Membership in that elite club requires at least 50 consecutive years of dividend boosts.
Source Fool.com
