Tri-Continental Co. (TY) To Go Ex-Dividend on March 18th

Tri-Continental Co. (NYSE:TY) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.2766 per share by the investment management company on Wednesday, March 26th. This represents a $1.11 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, March 18th.

Tri-Continental Stock Performance

Tri-Continental stock opened at $30.83 on Friday. The firm has a 50-day moving average of $32.11 and a 200-day moving average of $32.64. Tri-Continental has a one year low of $29.17 and a one year high of $34.82.

Insider Buying and Selling at Tri-Continental

In related news, Director Pamela G. Carlton sold 1,815 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $31.23, for a total transaction of $56,682.45. Following the sale, the director now owns 101 shares in the company, valued at approximately $3,154.23. This trade represents a 94.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.66% of the company’s stock.

About Tri-Continental

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.