TR - Tootsie Roll: The Dividend King I Am Not Buying
A confectionery company Tootsie Roll Industries, Inc. (TR) had been increasing its dividend per share for more than 50 consecutive years; the stock was awarded a dividend king title. For novice income-oriented investors, building a portfolio of dividend aristocrats/kings/champions, especially from recession-immune industries, is considered to be a relatively low risk but also lucrative strategy. At first glance, TR is an almost perfect low-risk investment to consider, given the non-cyclicality of its confectionery business and the track record of dividend hikes that survived a few recessions that most public companies can only envy.