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.
Industry, Sector and Symbol
Industry Closed End Funds
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Price / SalesN/A
Price / CashN/A
Price / BookN/A
Return on EquityN/A
Return on AssetsN/A
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, 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 4.53%. The ex-dividend date is Wednesday, December 20th. This is an increase 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?
Some companies that are related to Tri-Continental include HICL Infrastructure (HICL), Prospect Capital (PSEC), 3i Infrastructure (3IN), FS Investment (FSIC), AllianceBernstein Income Fund (ACG), Tortoise Energy Infrastructure (TYG), Liberty All-Star Equity Fund (USA), Apollo Investment (AINV), John Laing Infrastructure Fund Ld (JLIF), Blackrock Taxable Municipal Bond Trust (BBN), TPG Specialty Lending (TSLX), Golub Capital BDC (GBDC), Hercules Capital (HTGC), Eaton Vance Tax Managed Buy Write Opport (ETV), New Mountain Finance (NMFC), Solar Capital (SLRC), TCP Capital (TCPC) and BlackRock Enhanced Global Dividend Trust (BOE).
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 many different of institutional and retail investors. Top institutional investors include Blue Bell Private Wealth Management LLC (1.06%), Lazard Asset Management LLC (0.87%), Raymond James & Associates (0.51%), Raymond James Financial Services Advisors Inc. (0.48%), Wells Fargo & Company MN (0.41%) and First Trust Advisors LP (0.14%). 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 Raymond James & Associates, Geode Capital Management LLC, Matisse Capital, Lazard Asset Management LLC, Guggenheim Capital LLC, Wells Fargo & Company MN, Landscape Capital Management L.L.C. and Blue Bell Private Wealth Management LLC. View Insider Buying and Selling for Tri-Continental.
Who bought Tri-Continental stock? Who is buying Tri-Continental stock?
Tri-Continental's stock was acquired by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc., Uncommon Cents Investing LLC, Bank of New York Mellon Corp, LPL Financial LLC, Nicolet Bankshares Inc., Evermay Wealth Management LLC, James Hambro & Partners and First Trust Advisors LP. 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 $27.34.
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 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.
Tri-Continental (NYSE:TY) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Earnings History for Tri-Continental (NYSE:TY)
No earnings announcements for this company have been tracked by MarketBeat.com
Tri-Continental (NYSE:TY) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Tri-Continental (NYSE:TY) Dividend Information
|Most Recent Dividend:||12/29/2017|
|Dividend Growth:||15.90% (3 Year Average)|
Tri-Continental (NYSE:TY) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Tri-Continental (NYSE TY) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.66%
Institutional Ownership Percentage: 11.83%
Tri-Continental (NYSE TY) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
Tri-Continental (NYSE TY) News Headlines
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 Friday, February, 23, 2018