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About Tri Continental (NYSE:TY)
Tri-Continental Corp. is a diversified, closed-end management investment company. It invests primarily for the longer term and its objective is to produce future growth of both capital and income while providing reasonable current income. The company was founded on January 14, 1929 and is headquartered in Boston, MA.
Industry, Sector and Symbol
Industry Investment offices, not elsewhere classified
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
EPS (Most Recent Fiscal Year)N/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 announced a quarterly dividend on Friday, March 9th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.23 per share on Thursday, March 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Wednesday, March 21st. View Tri Continental's Dividend History.
Who are some of Tri Continental's key competitors?
Some companies that are related to Tri Continental include DNP Select Income Fund (DNP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity (ADX), Gabelli Equity Trust (GAB), Tortoise Energy Infrastructure (TYG), PIMCO Cor & Inc Opp Fds (PTY), Royce Value Trust (RVT), Apollo Investment (AINV), Liberty All-Star Equity Fund (USA), Boulder Growth & Income Fund (BIF), Hercules Technology Growth Capital (HTGC), PIMCO High Income Fund (PHK), Alliance World Dollar Government Fund II (AWF), Solectron (SLRC) and General American Investors (GAM).
Who are Tri Continental's key executives?
Tri Continental's management team includes the folowing people:
- Christopher O. Petersen, President & Chief Executive Officer
- Michael G. Clarke, CFO, Treasurer & Chief Accounting Officer
- Thomas P. McGuire, Chief Compliance Officer & Senior Vice President
- Paul B. Goucher, Chief Legal Officer, SVP & Assistant Secretary
- Colin Moore, Senior Vice President
Has Tri Continental been receiving favorable news coverage?
Media stories about TY stock have been trending somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tri Continental earned a media sentiment score of 0.14 on Accern's scale. They also gave news coverage about the investment management company an impact score of 45.87 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Tri Continental's major shareholders?
Tri Continental's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Relative Value Partners Group LLC (2.38%), Blue Bell Private Wealth Management LLC (1.07%), 1607 Capital Partners LLC (0.52%), Shaker Financial Services LLC (0.36%), Wells Fargo & Company MN (0.31%) and UBS Group AG (0.19%). Company insiders that own Tri Continental stock include David L King, Pamela G Carlton, Peter Albanese and Yan Jin. View Institutional Ownership Trends for Tri Continental.
Which major investors are selling Tri Continental stock?
TY stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Relative Value Partners Group LLC, PNC Financial Services Group Inc., Landscape Capital Management L.L.C., Successful Portfolios LLC, Commonwealth Equity Services LLC and Brinker Capital Inc.. View Insider Buying and Selling for Tri Continental.
Which major investors are buying Tri Continental stock?
TY stock was acquired by a variety of institutional investors in the last quarter, including Shaker Financial Services LLC, AdvisorNet Financial Inc, Baird Financial Group Inc., 1607 Capital Partners LLC, UBS Group AG, Blue Bell Private Wealth Management LLC, Sei Investments Co. and Kelman Lazarov Inc.. Company insiders that have bought Tri Continental stock in the last two years include David L King, Pamela G Carlton, Peter Albanese and Yan Jin. View Insider Buying and Selling for Tri Continental.
How do I buy shares of Tri Continental?
Shares of TY 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 TY stock can currently be purchased for approximately $27.08.
How big of a company is Tri Continental?
Tri Continental has a market capitalization of $1.51 billion.
MarketBeat Community Rating for Tri Continental (TY)
MarketBeat's community ratings are surveys of what our community members think about Tri Continental and other stocks. Vote "Outperform" if you believe TY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TY will underperform the S&P 500 over the long term. You may vote once every thirty days.
Tri Continental (NYSE:TY) Analyst Ratings History
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
(Data available from 5/20/2016 forward)
Tri Continental (NYSE:TY) Dividend Information
Tri Continental pays an annual dividend of $1.05 per share, with a dividend yield of 3.88%. TY's most recent quarterly dividend payment was Thursday, March 29.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $1.05 |
| Dividend Yield: | 3.88% |
| Dividend Growth: | 15.90% (3 Year Average) |
| Payout Ratio(s): | N/A |
| Frequency: | Quarterly Dividend |
Tri Continental (NYSE:TY) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/9/2018 | Quarterly | $0.23 | | 3/21/2018 | 3/22/2018 | 3/29/2018 |
| 3/12/2018 | quarterly | $0.2301 | 3.34% | 3/16/2018 | 3/19/2018 | 3/27/2018 |
| 11/24/2017 | quarterly | $0.3094 | 4.7% | 12/20/2017 | 12/21/2017 | 12/29/2017 |
| 9/8/2017 | quarterly | $0.2614 | 4.15% | 9/14/2017 | 9/18/2017 | 9/26/2017 |
| 6/9/2017 | quarterly | $0.2509 | 4.15% | 6/15/2017 | 6/19/2017 | 6/27/2017 |
| 3/10/2017 | quarterly | $0.2510 | 4.31% | 3/16/2017 | 3/20/2017 | 3/28/2017 |
| 12/9/2016 | quarterly | $0.24 | | 12/15/2016 | 12/19/2016 | 12/27/2016 |
| 9/9/2016 | quarterly | $0.2336 | | 9/15/2016 | 9/19/2016 | 9/27/2016 |
| 6/10/2016 | quarterly | $0.2201 | 4.29% | 6/16/2016 | 6/20/2016 | 6/28/2016 |
| 3/4/2016 | quarterly | $0.2155 | 4.41% | 3/10/2016 | 3/14/2016 | 3/22/2016 |
| 12/7/2015 | quarterly | $0.2090 | 4.12% | 12/10/2015 | 12/14/2015 | 12/22/2015 |
| 9/8/2015 | quarterly | $0.1950 | 3.88% | 9/10/2015 | 9/14/2015 | 9/22/2015 |
| 6/8/2015 | quarterly | $0.2010 | 3.72% | 6/11/2015 | 6/15/2015 | 6/23/2015 |
| 3/6/2015 | quarterly | $0.2050 | 3.74% | 3/12/2015 | 3/16/2015 | 3/24/2015 |
| 12/5/2014 | quarterly | $0.2005 | 3.73% | 12/11/2014 | 12/15/2014 | 12/23/2014 |
| 9/5/2014 | quarterly | $0.1925 | 3.6% | 9/11/2014 | 9/15/2014 | 9/23/2014 |
| 6/6/2014 | quarterly | $0.1850 | 3.53% | 6/12/2014 | 6/16/2014 | 6/24/2014 |
| 3/7/2014 | quarterly | $0.1725 | 3.44% | 3/13/2014 | 3/17/2014 | 3/25/2014 |
| 12/9/2013 | quarterly | $0.1625 | 3.32% | 12/12/2013 | 12/16/2013 | 12/24/2013 |
| 9/6/2013 | quarterly | $0.1620 | 3.5% | 9/12/2013 | 9/16/2013 | 9/24/2013 |
(Data available from 1/1/2013 forward)
Tri Continental (NYSE TY) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.66%
Institutional Ownership Percentage: 11.16%
Tri Continental (NYSE TY) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/10/2018 | Pamela G. Carlton | Director | Buy | 2,100 | $15.55 | $32,655.00 | |  |
| 4/4/2018 | Pamela G. Carlton | Director | Sell | 100 | $15.90 | $1,590.00 | | |
| 3/22/2017 | David L King | Insider | Buy | 10,000 | $22.86 | $228,600.00 | 130,100 | |
| 3/13/2017 | Yan Jin | Insider | Buy | 2,000 | $23.22 | $46,440.00 | | |
| 2/8/2017 | Peter Albanese | Insider | Buy | 10,000 | $22.77 | $227,700.00 | 2,500 | |
| 2/3/2017 | Yan Jin | Insider | Buy | 1,000 | $22.63 | $22,630.00 | 5,500 | |
| 2/1/2017 | David L King | Insider | Buy | 5,000 | $22.56 | $112,800.00 | 127,295 | |
| 12/11/2015 | Brian Matthew Condon | Portfolio Manager | Buy | 2,500 | $19.58 | $48,950.00 | 17,500 | |
| 10/5/2015 | Brian Matthew Condon | Portfolio Manager | Buy | 3,000 | $19.67 | $59,010.00 | 15,000 | |
| 3/19/2015 | Yan Jin | Portfolio Manager | Buy | 1,500 | $21.69 | $32,535.00 | | |
| 3/9/2015 | David L King | Portfolio Manager | Buy | 10,000 | $21.88 | $218,800.00 | | |
| 3/2/2015 | Brian Matthew Condon | Portfolio Manager | Buy | 4,500 | $22.08 | $99,360.00 | | |
| 6/9/2014 | Yan Jin | Portfolio Manager | Buy | 1,200 | $20.99 | $25,188.00 | | |
| 4/17/2014 | Brian Matthew Condon | Portfolio Manager | Buy | 2,855 | $20.06 | $57,271.30 | | |
| 3/20/2014 | Brian Matthew Condon | Portfolio Manager | Buy | 2,145 | $19.94 | $42,771.30 | | |
| 6/20/2013 | David L King | Portfolio Manager | Buy | 30,000 | $17.75 | $532,500.00 | | |
| 3/18/2013 | Todd White | Insider | Buy | 10,000 | $17.42 | $174,200.00 | | |
| 3/4/2013 | Todd White | Insider | Buy | 9,000 | $17.16 | $154,440.00 | | |
| 1/17/2013 | David L King | Portfolio Manager | Buy | 15,000 | $16.85 | $252,750.00 | | |
(Data available from 1/1/2013 forward)
Tri Continental (NYSE TY) News Headlines
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Tri Continental (NYSE:TY) SEC Filings
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Tri Continental (NYSE:TY) Income Statement, Balance Sheet and Cash Flow Statement
Tri Continental (NYSE TY) Stock Chart for Sunday, May, 20, 2018
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