Tri-Continental Co. (NYSE:TY - Get Free Report) announced a quarterly dividend on Tuesday, September 3rd, Zacks reports. Investors of record on Friday, September 13th will be given a dividend of 0.291 per share by the investment management company on Monday, September 23rd. This represents a $1.16 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, September 13th. This is a positive change from Tri-Continental's previous quarterly dividend of $0.29.
Tri-Continental Price Performance
TY traded up $0.15 on Wednesday, hitting $31.92. 33,196 shares of the company's stock were exchanged, compared to its average volume of 39,554. Tri-Continental has a twelve month low of $25.16 and a twelve month high of $32.39. The stock has a fifty day moving average of $31.41 and a two-hundred day moving average of $30.64.
Tri-Continental Company Profile
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Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.
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