Tri-Continental Stock Price, News & Analysis (NYSE:TY)

$26.82 -0.07 (-0.26 %)
(As of 12/14/2017 10:11 AM ET)
Previous Close$26.89
Today's Range$26.80 - $26.95
52-Week Range$21.90 - $26.95
Volume97,200 shs
Average Volume69,815 shs
Market Capitalization$1.50 billion
P/E RatioN/A
Dividend Yield3.76%
Beta0.93

About Tri-Continental (NYSE:TY)

Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund's objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund's permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities. Columbia Management Investment Advisers, LLC is the Fund's investment manager.

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Industry, Sector and Symbol

Industry Closed End Funds
Sub-IndustryN/A
SectorFinance
SymbolNYSE:TY
CUSIPN/A
WebN/A
PhoneN/A

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

Trailing EPSN/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

EmployeesN/A
Outstanding Shares55,900,000

Tri-Continental (NYSE:TY) Frequently Asked Questions

What is Tri-Continental's stock symbol?

Tri-Continental trades on the New York Stock Exchange (NYSE) under the ticker symbol "TY."

How often does Tri-Continental pay dividends? What is the dividend yield for Tri-Continental?

Tri-Continental declared a quarterly dividend on Friday, November 24th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.3094 per share on Friday, December 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Wednesday, December 20th. This is a positive change from Tri-Continental's previous quarterly dividend of $0.26. View Tri-Continental's Dividend History.

Who are some of Tri-Continental's key competitors?

Who are Tri-Continental's key executives?

Tri-Continental's management team includes the folowing people:

  • William A. Hawkins, Independent Chairman of the Board (Age 75)
  • Christopher O. Petersen, President, Principal Executive Officer (Age 47)
  • Michael G. Clarke, Chief Financial Officer, Chief Accounting Officer, Treasurer (Age 48)
  • Thomas P. McGuire, Senior Vice President, Chief Compliance Officer (Age 45)
  • Paul B. Goucher, Senior Vice President, Assistant Secretary, Chief Legal Officer (Age 49)
  • William F. Truscott, Senior Vice President, Director (Age 57)
  • Colin Moore, Senior Vice President (Age 59)
  • Ryan C. Larrenaga, Vice President, Secretary (Age 47)
  • Michael E. DeFao, Vice President, Assistant Secretary (Age 49)
  • Amy K. Johnson, Vice President (Age 52)

Who owns Tri-Continental stock?

Tri-Continental's stock is owned by a number of of institutional and retail investors. Top institutional investors include Relative Value Partners Group LLC (2.46%), Blue Bell Private Wealth Management LLC (0.00%), Wells Fargo & Company MN (0.43%), Raymond James Financial Services Advisors Inc. (0.00%), First Trust Advisors LP (0.00%) and Deschutes Portfolio Strategy LLC (0.00%). Company insiders that own Tri-Continental stock include David L King, Peter Albanese and Yan Jin. View Institutional Ownership Trends for Tri-Continental.

Who sold Tri-Continental stock? Who is selling Tri-Continental stock?

Tri-Continental's stock was sold by a variety of institutional investors in the last quarter, including Karpus Management Inc., Relative Value Partners Group LLC, Deschutes Portfolio Strategy LLC, Blue Bell Private Wealth Management LLC, St. James Investment Company LLC, Commonwealth Equity Services Inc and GSA Capital Partners LLP. View Insider Buying and Selling for Tri-Continental.

Who bought Tri-Continental stock? Who is buying Tri-Continental stock?

Tri-Continental's stock was purchased by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc., Shaker Financial Services LLC, Wells Fargo & Company MN, Stifel Financial Corp, SG Americas Securities LLC, Raymond James Trust N.A., Regis Management CO LLC and Advisor Group Inc.. Company insiders that have bought Tri-Continental stock in the last two years include David L King, Peter Albanese and Yan Jin. View Insider Buying and Selling for Tri-Continental.

How do I buy Tri-Continental stock?

Shares of Tri-Continental can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tri-Continental's stock price today?

One share of Tri-Continental stock can currently be purchased for approximately $26.82.

How big of a company is Tri-Continental?

Tri-Continental has a market capitalization of $1.50 billion.


MarketBeat Community Rating for Tri-Continental (TY)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  42 (Vote Outperform)
Underperform Votes:  36 (Vote Underperform)
Total Votes:  78
MarketBeat's community ratings are surveys of what our community members think about Tri-Continental and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Tri-Continental (NYSE:TY) Analyst Ratings History


No equities research coverage for this company has been tracked by MarketBeat

Earnings

Earnings History for Tri-Continental (NYSE:TY)


No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Tri-Continental (NYSE:TY) Earnings Estimates

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Tri-Continental (NYSE:TY) Dividend Information

Next Dividend:12/29/2017
Annual Dividend:$1.00
Dividend Yield:3.73%
Dividend Growth:10.40% (3 Year Average)
Payout Ratio:
Frequency:Quarterly Dividend
Dividend Payments by Quarter for Tri-Continental (NYSE:TY)

Tri-Continental (NYSE:TY) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/24/2017quarterly$0.314.7%12/20/201712/21/201712/29/2017
9/8/2017quarterly$0.264.15%9/14/20179/18/20179/26/2017
6/9/2017quarterly$0.254.15%6/15/20176/19/20176/27/2017
3/10/2017quarterly$0.254.31%3/16/20173/20/20173/28/2017
12/9/2016quarterly$0.2412/15/201612/19/201612/27/2016
9/9/2016quarterly$0.239/15/20169/19/20169/27/2016
6/10/2016quarterly$0.224.29%6/16/20166/20/20166/28/2016
3/4/2016quarterly$0.224.41%3/10/20163/14/20163/22/2016
12/7/2015quarterly$0.214.12%12/10/201512/14/201512/22/2015
9/8/2015quarterly$0.203.88%9/10/20159/14/20159/22/2015
6/8/2015quarterly$0.203.72%6/11/20156/15/20156/23/2015
3/6/2015quarterly$0.213.74%3/12/20153/16/20153/24/2015
12/5/2014quarterly$0.203.73%12/11/201412/15/201412/23/2014
9/5/2014quarterly$0.193.6%9/11/20149/15/20149/23/2014
6/6/2014quarterly$0.193.53%6/12/20146/16/20146/24/2014
3/7/2014quarterly$0.173.44%3/13/20143/17/20143/25/2014
12/9/2013quarterly$0.163.32%12/12/201312/16/201312/24/2013
9/6/2013quarterly$0.163.5%9/12/20139/16/20139/24/2013
(Data available from 1/1/2013 forward)

Insider Trades

Tri-Continental (NYSE TY) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 8.66%
Institutional Ownership Percentage: 11.97%
Insider Trades by Quarter for Tri-Continental (NYSE:TY)
Insider Trades by Quarter for Tri-Continental (NYSE:TY)

Tri-Continental (NYSE TY) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/22/2017David L KingInsiderBuy10,000$22.86$228,600.00View SEC Filing  
3/13/2017Yan JinInsiderBuy2,000$23.22$46,440.00View SEC Filing  
2/8/2017Peter AlbaneseInsiderBuy10,000$22.77$227,700.00View SEC Filing  
2/3/2017Yan JinInsiderBuy1,000$22.63$22,630.00View SEC Filing  
2/1/2017David L KingInsiderBuy5,000$22.56$112,800.00View SEC Filing  
12/11/2015Brian Matthew CondonPortfolio ManagerBuy2,500$19.58$48,950.00View SEC Filing  
10/5/2015Brian Matthew CondonPortfolio ManagerBuy3,000$19.67$59,010.00View SEC Filing  
3/19/2015Yan JinPortfolio ManagerBuy1,500$21.69$32,535.00View SEC Filing  
3/9/2015David L KingPortfolio ManagerBuy10,000$21.88$218,800.00View SEC Filing  
3/2/2015Brian Matthew CondonPortfolio ManagerBuy4,500$22.08$99,360.00View SEC Filing  
6/9/2014Yan JinPortfolio ManagerBuy1,200$20.99$25,188.00View SEC Filing  
4/17/2014Brian Matthew CondonPortfolio ManagerBuy2,855$20.06$57,271.30View SEC Filing  
3/20/2014Brian Matthew CondonPortfolio ManagerBuy2,145$19.94$42,771.30View SEC Filing  
6/20/2013David L KingPortfolio ManagerBuy30,000$17.75$532,500.00View SEC Filing  
3/18/2013Todd WhiteInsiderBuy10,000$17.42$174,200.00View SEC Filing  
3/4/2013Todd WhiteInsiderBuy9,000$17.16$154,440.00View SEC Filing  
1/17/2013David L KingPortfolio ManagerBuy15,000$16.85$252,750.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Tri-Continental (NYSE TY) News Headlines

Source:
DateHeadline
Tri-Continental Corporation Additional Information about Fourth Quarter Capital Gain DistributionTri-Continental Corporation Additional Information about Fourth Quarter Capital Gain Distribution
finance.yahoo.com - December 7 at 11:30 AM
Daily Dividend Report: TY, CWCO, WR, G, GNTXDaily Dividend Report: TY, CWCO, WR, G, GNTX
www.msn.com - November 28 at 11:26 AM
Tri Continental Corporation (TY) Declares Quarterly Dividend of $0.31Tri Continental Corporation (TY) Declares Quarterly Dividend of $0.31
www.americanbankingnews.com - November 24 at 1:28 PM
Mike Bloomberg says London will stay Europes financial centre though dumb Brexit will cut growthMike Bloomberg says London will stay Europe's financial centre though 'dumb' Brexit will cut growth
uk.finance.yahoo.com - November 14 at 12:50 PM
Cash Dividend On The Way From Tri Continental (TY)Cash Dividend On The Way From Tri Continental (TY)
www.nasdaq.com - September 14 at 12:01 PM
CORRECTING and REPLACING Tri-Continental Corporation Declares Third Quarter DistributionCORRECTING and REPLACING Tri-Continental Corporation Declares Third Quarter Distribution
finance.yahoo.com - September 12 at 11:26 AM
Tri Continental Corporation (TY) to Issue Quarterly Dividend of $0.26Tri Continental Corporation (TY) to Issue Quarterly Dividend of $0.26
www.americanbankingnews.com - September 8 at 2:22 PM
Tri-Continental Corporation Is An Alternative To Vanguard WellingtonTri-Continental Corporation Is An Alternative To Vanguard Wellington
seekingalpha.com - June 29 at 7:40 AM
How This Little Known Investment Can Help Boost Your Retirement as the Fed Raises RatesHow This Little Known Investment Can Help Boost Your Retirement as the Fed Raises Rates
www.thestreet.com - December 20 at 5:30 PM
Reminder - Tri Continental (TY) Goes Ex-Dividend SoonReminder - Tri Continental (TY) Goes Ex-Dividend Soon
www.nasdaq.com - September 14 at 8:03 PM
Closed-End Equity Funds: Unlocking Value Through Shareholder ActivismClosed-End Equity Funds: Unlocking Value Through Shareholder Activism
www.forbes.com - July 12 at 12:19 PM
TRI-CONTINENTAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and ExhibitsTRI-CONTINENTAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - December 4 at 11:14 AM
TRI-CONTINENTAL CORP Files SEC form 8-K, Regulation FD DisclosureTRI-CONTINENTAL CORP Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - June 5 at 2:40 PM

SEC Filings

Tri-Continental (NYSE:TY) SEC Filings

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Social Media

Financials

Tri-Continental (NYSE:TY) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Tri-Continental (NYSE TY) Stock Chart for Thursday, December, 14, 2017

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This page was last updated on 12/14/2017 by MarketBeat.com Staff

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