Tri-Continental Co. Announces — Dividend of $0.29 (NYSE:TY)

Tri-Continental Co. (NYSE:TY) announced a — dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.285 per share by the investment management company on Monday, December 23rd. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 13th.

Tri-Continental Price Performance

NYSE:TY traded down $0.02 during trading hours on Wednesday, hitting $33.58. 25,666 shares of the company’s stock traded hands, compared to its average volume of 38,148. The business’s fifty day simple moving average is $33.09 and its two-hundred day simple moving average is $31.81. Tri-Continental has a 52 week low of $27.13 and a 52 week high of $34.30.

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.