Tri Continental Corporation (NYSE:TY) Announces Dividend Increase – $0.29 Per Share

Tri Continental Corporation (NYSE:TY) announced a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 16th will be given a dividend of 0.2852 per share by the investment management company on Thursday, June 25th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 16th. This is a 0.1% increase from Tri Continental’s previous quarterly dividend of $0.28.

Tri Continental Stock Performance

Shares of NYSE:TY traded up $0.24 on Friday, hitting $34.86. The company’s stock had a trading volume of 21,379 shares, compared to its average volume of 38,604. The company has a 50-day simple moving average of $33.08 and a 200 day simple moving average of $33.27. Tri Continental has a 1 year low of $30.40 and a 1 year high of $35.05.

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.