Tri Continental Corporation (TY) to Issue Quarterly Dividend of $0.26
Tri Continental Corporation (NYSE:TY) declared a quarterly dividend on Friday, September 8th, RTT News reports. Stockholders of record on Monday, September 18th will be given a dividend of 0.2614 per share by the investment management company on Tuesday, September 26th. This represents a $1.05 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Tri Continental Corporation’s previous quarterly dividend of $0.25.
Tri Continental Corporation has increased its dividend by an average of 10.4% annually over the last three years.
Tri Continental Corporation (NYSE TY) traded up 0.08% on Friday, hitting $25.08. 40,132 shares of the stock traded hands. The company’s 50 day moving average price is $24.90 and its 200-day moving average price is $24.02. Tri Continental Corporation has a 52-week low of $20.60 and a 52-week high of $25.22.
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Tri Continental Corporation Company Profile
Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.
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