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 3.75%. This is a 4.8% increase from Tri-Continental's previous quarterly dividend of $0.28.
Tri-Continental Price Performance
TY opened at $30.93 on Friday. Tri-Continental has a 1-year low of $26.54 and a 1-year high of $34.82. The company has a 50-day moving average of $29.88 and a 200-day moving average of $31.65.
Insiders Place Their Bets
In other news, Director Pamela G. Carlton sold 1,815 shares of the company'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 transaction of $56,682.45. Following the completion of the transaction, the director now directly owns 101 shares of the company's stock, valued at approximately $3,154.23. This represents 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 the SEC website. 8.66% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Tri-Continental
A hedge fund recently raised its stake in Tri-Continental stock. Jones Financial Companies Lllp boosted its position 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 fund 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 at the end of the most recent quarter. 10.22% of the stock is owned by 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tri-Continental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tri-Continental wasn't on the list.
While Tri-Continental currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
