TY - Tri-Continental Corporation

NYSE - NYSE Delayed Price. Currency in USD
28.49
+0.18 (+0.64%)
At close: 4:01PM EST
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Previous Close28.31
Open28.32
Bid28.48 x 800
Ask28.52 x 900
Day's Range28.32 - 28.53
52 Week Range21.83 - 28.53
Volume32,187
Avg. Volume43,407
Market Cap1.5B
Beta (3Y Monthly)0.96
PE Ratio (TTM)14.73
EPS (TTM)1.93
Earnings DateDec 13, 2019 - Dec 23, 2019
Forward Dividend & Yield1.00 (3.54%)
Ex-Dividend Date2019-12-17
1y Target EstN/A
  • Business Wire

    Tri-Continental Corporation Declares Fourth Quarter Distribution

    Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2512 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a long-term capital gain distribution of $0.8115 per share of Common Stock. Distributions on Common Stock will be paid on December 26, 2019 to Common Stockholders of record on December 18, 2019 and dividends on Preferred Stock will be paid on January 2, 2020 to Preferred Stockholders of record on December 18, 2019.

  • Cheap CEFs: 7 Closed-End Funds With Unusually Low Fees
    Kiplinger

    Cheap CEFs: 7 Closed-End Funds With Unusually Low Fees

    Investors looking for a high income stream often balk at closed-end funds (CEFs) because of their higher fees.CEFs' average annual fees sit at 1.09% (or $109 for every $10,000 invested), according to CEF Insider data, though it's not unusual to see fees in the 3%-4% range. While it's not a perfect comparison, Morningstar data shows that the asset-weighted average fee for mutual funds and exchange-traded funds (ETFs) in 2018 was just 0.48%. And many ETFs are far cheaper than that - SoFi even launched a pair of "zero-fee" funds in April.Fees matter because they directly impact returns. "The higher the fee, the higher the hurdle for the ETF or mutual fund to keep up with their respective benchmark," says Brian Parker, co-founder and managing director of EP Wealth Advisors in Torrance, California. Fail to keep up with that benchmark, and investors lose. High-cost funds can cost investors literally tens of thousands of dollars not just in the returns themselves, but opportunity cost (you have less money to reinvest and grow over time).However, it occasionally pays to pay more. CEFs, for instance, deliver sky-high yields several times more than the average ETF yield - a boon for income investors who simply want to sit and collect checks over a long period of time rather than sell off assets to register returns. At the same time, you don't need to tolerate absurdly high fees, especially from funds that don't perform.With that in mind, here are seven cheap CEFs to buy. Each closed-end fund boasts annual expenses below the CEF average. SEE ALSO: The 10 Best Closed-End Funds (CEFs) for 2019

  • Business Wire

    Tri-Continental Corporation Declares Second Quarter Distribution

    Tri-Continental Corporation (the “Corporation”) (TY) today declared a second quarter ordinary income distribution of $0.2650 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a long-term capital gain distribution of $0.1065 per share of Common Stock. Distributions on Common Stock will be paid on June 27, 2019 to Common Stockholders of record on June 19, 2019 and dividends on Preferred Stock will be paid on July 1, 2019 to Preferred Stockholders of record on June 19, 2019.

  • Business Wire

    Tri-Continental Corporation Holds 89th Annual Meeting of Stockholders

    Tri-Continental Corporation (the “Corporation”) (TY) today held its 89th Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Specifically, Stockholders elected three Directors at the Meeting. Anthony M. Santomero and William F. Truscott were each elected as Director for a term that will expire at the Corporation’s 2022 Annual Meeting of Stockholders.

  • Business Wire

    Tri-Continental Corporation Declares First Quarter Distribution

    Tri-Continental Corporation (the “Corporation”) (TY) today declared a first quarter ordinary income distribution of $0.2400 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 28, 2019 to Common Stockholders of record on March 20, 2019 and dividends on Preferred Stock will be paid on April 1, 2019 to Preferred Stockholders of record on March 20, 2019. The ex-dividend date for both the Common Stock and the Preferred Stock is March 19, 2019.

  • Business Wire

    Tri-Continental Corporation Announcements Regarding 89th Annual Meeting of Stockholders

    The Board of Directors (the Board) of Tri-Continental Corporation (the Corporation) (NYSE: TY) today held a meeting at which its members announced their consideration and unanimous nomination of Anthony M. Santomero to the Corporation’s Board, filling a seat vacated by Mr. William P. Carmichael due to his retirement from the Board on December 31, 2018. Dr. Santomero currently serves on the board of trustees of certain of the mutual fund boards within the Columbia Funds Complex and is nominated to serve on the board of another Columbia closed-end fund.