Media stories about Tri Continental (NYSE:TY) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tri Continental earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 48.209112034976 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Tri Continental (NYSE:TY) opened at $26.27 on Monday. Tri Continental has a 1-year low of $21.55 and a 1-year high of $26.28.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.3094 per share. This is a boost from Tri Continental’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a yield of 4.71%. Tri Continental’s payout ratio is currently 22.52%.
About Tri Continental
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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