Tri-Continental Corporation (NYSE:TY) had declared a cash dividend of $0.2201 on Jun 10, 2016. The shares will quote ex-dividend on Jun 16, 2016 and the record date has been fixed for Jun 20, 2016. On Jun 10, 2016 share price, the yield comes out to be 4.2347%. The dividend payable date has been fixed on Jun 28, 2016.
Tri-Continental Corporation (TY) shares turned negative on Wednesdays trading session with the shares closing down -0.07 points or -0.34% at a volume of 20,819. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.4999. The peak price level was also seen at $20.4999 while the days lowest was $20.37. Finally the shares closed at $20.37. The 52-week high of the shares is $21.82 while the 52-week low is $17.38. According to the latest information available, the market cap of the company is $2,537 M.
Tri-Continental Corporation (the Fund) is a United States-based diversified closed-end management investment company. The Fund invests to produce future growth of both capital and income while providing reasonable current income. The Fund employs leverage primarily through its outstanding preferred stock. The Fund invests in various sectors which include financials information technology industrials health care and consumer staples. The Fund’s investment manager is Columbia Management Investment Advisers LLC. The Fund’s holdings include Apple Microsoft Cisco Systems Merck & Co JPMorgan Chase & Co Lockheed Martin Corp Philip Morris International Home Depot Pfizer and Oracle among others.