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

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

Tri-Continental Stock Performance

TY opened at $30.83 on Friday. The business has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $32.64. Tri-Continental has a 1 year low of $29.17 and a 1 year high of $34.82.

Insider Transactions at Tri-Continental

In related news, Director Pamela G. Carlton sold 1,815 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $31.23, for a total value of $56,682.45. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.66% of the company’s stock.

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.