Tri Continental Corporation (NYSE:TY) Declares Quarterly Dividend of $2.32

Tri Continental Corporation (NYSE:TY) declared a quarterly dividend on Tuesday, November 18th. Investors of record on Friday, December 12th will be given a dividend of 2.3154 per share by the investment management company on Monday, December 22nd. This represents a c) annualized dividend and a yield of 27.5%. The ex-dividend date is Friday, December 12th. This is a 772.4% increase from Tri Continental’s previous quarterly dividend of $0.27.

Tri Continental Stock Performance

Tri Continental stock opened at $33.68 on Wednesday. The stock’s fifty day moving average is $34.02 and its two-hundred day moving average is $32.72. Tri Continental has a 1-year low of $26.54 and a 1-year high of $34.84.

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.