Tri Continental (NYSE:TY) Sets New 1-Year High – Still a Buy?

Posted by Francis Steltz on Aug 13th, 2026

Tri Continental Corporation (NYSE:TY – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.25 and last traded at $36.2980, with a volume of 3898 shares trading hands. The stock had previously closed at $35.77.

Tri Continental Trading Up 0.9%

The company’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $33.92.

Tri Continental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 16th were paid a $0.2852 dividend. This represents a $1.14 annualized dividend and a yield of 3.1%. This is a positive change from Tri Continental’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, June 16th.

Insider Transactions at Tri Continental

In other news, Portfolio Manager Yan Jin sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $34.87, for a total transaction of $87,175.00. Following the transaction, the portfolio manager directly owned 12,919 shares of the company’s stock, valued at approximately $450,485.53. This represents a 16.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC purchased a new stake in Tri Continental in the fourth quarter valued at about $29,000. Hanson & Doremus Investment Management acquired a new stake in Tri Continental in the first quarter worth about $29,000. BNP Paribas Financial Markets grew its stake in shares of Tri Continental by 529.5% during the second quarter. BNP Paribas Financial Markets now owns 1,259 shares of the investment management company’s stock worth $40,000 after acquiring an additional 1,059 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Tri Continental during the fourth quarter worth about $54,000. Finally, BlackRock Inc. acquired a new position in shares of Tri Continental during the second quarter valued at about $54,000. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

About Tri Continental

(Get Free Report)

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.