Tri Continental Corporation (TY) to Issue Quarterly Dividend of $0.28 on March 25th

Tri Continental Corporation (NYSE:TY) declared a quarterly dividend on Friday, March 6th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.2848 per share by the investment management company on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 17th.

Tri Continental Stock Down 0.9%

Shares of NYSE TY opened at $32.45 on Friday. Tri Continental has a 1-year low of $26.54 and a 1-year high of $35.05. The business has a 50-day moving average of $33.11 and a 200-day moving average of $33.57.

Tri Continental Company Profile

Tri-Continental Corporation is a diversified closed-end management investment company that seeks to generate long-term total return through a combination of capital appreciation and income. The firm offers investors access to a broad portfolio of securities through a single, actively managed vehicle listed on the New York Stock Exchange under the ticker TY.

The company’s core strategy centers on investing primarily in equity securities of companies located in North America, Europe and the Pacific Basin.