Tri Continental Co. (NYSE:TY) announced a quarterly dividend on Friday, March 9th, NASDAQ reports. Stockholders of record on Thursday, March 22nd will be given a dividend of 0.23 per share by the investment management company on Thursday, March 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, March 21st.
Tri Continental has raised its dividend by an average of 15.9% per year over the last three years.
Tri Continental (NYSE TY) opened at $26.27 on Friday. Tri Continental has a fifty-two week low of $22.63 and a fifty-two week high of $28.32.
In other news, Director Pamela G. Carlton acquired 2,100 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was bought at an average price of $15.55 per share, with a total value of $32,655.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.66% of the stock is currently owned by insiders.
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Tri Continental Company Profile
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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