Tri-Continental Co. (NYSE:TY – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $32.98 and last traded at $32.88, with a volume of 19857 shares trading hands. The stock had previously closed at $32.74.
Tri-Continental Stock Performance
The firm’s 50 day simple moving average is $31.63 and its 200 day simple moving average is $30.86.
Tri-Continental Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 13th will be given a $0.291 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Tri-Continental’s previous quarterly dividend of $0.29.
Institutional Trading of Tri-Continental
About Tri-Continental
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.
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