Tootsie Roll Industries (NYSE: TR) is a meme stock with a long history of dividend increases, making it a Dividend King. The company recently declared a quarterly dividend of $0.09 per share, showing growth in both dividends and earnings over the past five years. With a trailing P/E ratio similar to its competitor The Hershey Company, Tootsie Roll is not a long-term investment, but offers consistent dividends and earnings for meme stock exposure. The Motley Fool’s Stock Advisor team has identified 10 other stocks for investors to consider, with historical returns outperforming the S&P 500 significantly.
Read more at Nasdaq: The Meme Stock That Actually Has Real Value
