Tri-Continental Co. (NYSE:TY - Get Free Report) announced a quarterly dividend on Thursday, May 22nd, RTT News reports. Investors of record on Monday, June 16th will be given a dividend of 0.29 per share by the investment management company on Wednesday, June 25th. This represents a $1.16 annualized dividend and a yield of 3.72%. The ex-dividend date is Monday, June 16th. This is a 4.8% increase from Tri-Continental's previous quarterly dividend of $0.28.
Tri-Continental Price Performance
Shares of NYSE TY traded up $0.04 during midday trading on Wednesday, hitting $31.22. 19,994 shares of the company traded hands, compared to its average volume of 44,294. Tri-Continental has a 12-month low of $26.54 and a 12-month high of $34.82. The stock has a 50-day moving average price of $29.90 and a 200 day moving average price of $31.58.
Insider Transactions at Tri-Continental
In other news, Director Pamela G. Carlton sold 1,815 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 101 shares in the company, valued at $3,154.23. This trade represents a 94.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.66% of the company's stock.
Institutional Trading of Tri-Continental
An institutional investor recently raised its position in Tri-Continental stock. Jones Financial Companies Lllp boosted its stake in Tri-Continental Co. (NYSE:TY - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,643 shares of the investment management company's stock after purchasing an additional 877 shares during the quarter. Jones Financial Companies Lllp's holdings in Tri-Continental were worth $83,000 as of its most recent SEC filing. 10.22% of the stock is owned by hedge funds and other institutional investors.
Tri-Continental Company Profile
(
Get Free Report)
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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