Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tri Continental (NYSE:TY) Share Price

News stories about Tri Continental (NYSE:TY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tri Continental earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 46.8468162209277 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Tri Continental stock traded down $0.40 during mid-day trading on Friday, hitting $26.10. 119,813 shares of the company’s stock were exchanged, compared to its average volume of 70,337. Tri Continental has a fifty-two week low of $22.63 and a fifty-two week high of $28.32.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.52%. The ex-dividend date was Wednesday, March 21st.

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 shares were acquired at an average price of $15.55 per share, with a total value of $32,655.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.66% of the company’s stock.

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About Tri Continental

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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