Tri Continental Corporation (NYSE:TY – Get Free Report) announced a quarterly dividend on Friday, September 4th. Investors of record on Monday, September 14th will be given a dividend of 0.2962 per share by the investment management company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 14th. This is a 3.9% increase from Tri Continental’s previous quarterly dividend of $0.29.
Tri Continental Stock Performance
Shares of Tri Continental stock opened at $34.97 on Friday. The firm’s 50 day simple moving average is $35.36 and its two-hundred day simple moving average is $34.27. Tri Continental has a 12-month low of $30.53 and a 12-month high of $36.55.
About Tri Continental
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.
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