Tri-Continental Co. (NYSE:TY) Announces Quarterly Dividend of $0.28

Tri-Continental Co. (NYSE:TY) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.2766 per share by the investment management company on Wednesday, March 26th. This represents a $1.11 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, March 18th.

Tri-Continental Stock Up 1.4 %

TY stock opened at $30.83 on Friday. The company has a fifty day moving average price of $32.11 and a 200-day moving average price of $32.64. Tri-Continental has a 52-week low of $29.17 and a 52-week high of $34.82.

Insider Buying and Selling

In related news, Director Pamela G. Carlton sold 1,815 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $31.23, for a total transaction of $56,682.45. Following the transaction, the director now directly owns 101 shares in the company, valued at approximately $3,154.23. The trade was a 94.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.66% of the stock is owned by insiders.

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.