Tri Continental Corporation (NYSE:TY) to Issue $0.28 Quarterly Dividend

Tri Continental Corporation (NYSE:TY) declared a quarterly dividend on Friday, March 6th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.2848 per share by the investment management company on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, March 17th.

Tri Continental Price Performance

Shares of TY stock traded down $0.28 during trading hours on Friday, hitting $32.45. 23,376 shares of the company’s stock traded hands, compared to its average volume of 37,624. The stock’s 50 day simple moving average is $33.11 and its 200 day simple moving average is $33.57. Tri Continental has a 12 month low of $26.54 and a 12 month 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.