Tri Continental Co. (NYSE:TY) declared a quarterly dividend on Friday, March 9th, NASDAQ reports. Stockholders of record on Thursday, March 22nd will be paid a dividend of 0.23 per share by the investment management company on Thursday, March 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, March 21st.
Tri Continental has raised its dividend payment by an average of 15.9% per year over the last three years.
Shares of Tri Continental stock traded down $0.40 on Friday, reaching $26.10. The company had a trading volume of 119,813 shares, compared to its average volume of 70,337. Tri Continental has a 1 year low of $22.63 and a 1 year high of $28.32.
In other Tri Continental news, Director Pamela G. Carlton acquired 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was bought at an average price of $15.55 per share, for a total transaction of $32,655.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.66% of the stock is owned by insiders.
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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.
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