Tri Continental Corporation (TY) to Distribute Quarterly Dividend of $0.30 on September 22nd

Tri Continental Corporation (NYSE:TYGet Free Report) announced a quarterly dividend on Friday, September 4th. Shareholders of record on Monday, September 14th will be paid a dividend of 0.2962 per share by the investment management company on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, September 14th. This is a 3.9% increase from Tri Continental’s previous quarterly dividend of $0.29.

Tri Continental Stock Up 0.6%

Shares of NYSE:TY opened at $34.97 on Friday. The company has a 50-day moving average price of $35.36 and a 200-day moving average price of $34.27. Tri Continental has a 12 month low of $30.53 and a 12 month high of $36.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new stake in shares of Tri Continental in the 4th quarter worth approximately $29,000. Hanson & Doremus Investment Management bought a new position in shares of Tri Continental during the first quarter valued at approximately $29,000. BNP Paribas Financial Markets lifted its stake in Tri Continental by 529.5% in 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 period. BlackRock Inc. purchased a new stake in Tri Continental in the second quarter worth $54,000. Finally, Advocate Investing Services LLC bought a new stake in Tri Continental in the fourth quarter valued at $54,000. Institutional investors own 10.22% of the company’s stock.

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.

See Also

Dividend History for Tri Continental (NYSE:TY)

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