Tri-Continental Co. to Issue — Dividend of $0.29 (NYSE:TY)

Tri-Continental Co. (NYSE:TY) announced a — dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.285 per share by the investment management company on Monday, December 23rd. This represents a yield of 3.3%. The ex-dividend date is Friday, December 13th.

Tri-Continental Stock Performance

Shares of Tri-Continental stock opened at $33.61 on Thursday. The business’s 50-day moving average price is $33.12 and its 200-day moving average price is $31.82. Tri-Continental has a 12 month low of $27.13 and a 12 month high of $34.30.

Tri-Continental Company Profile

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.