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Tri-Continental Corporation (TY)

NYSE - Nasdaq Real Time Price. Currency in USD
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30.38+0.23 (+0.76%)
At close: 3:55PM EST
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Neutralpattern detected
Previous Close30.15
Open30.24
Bid30.39 x 1000
Ask30.48 x 800
Day's Range30.22 - 30.47
52 Week Range16.94 - 30.47
Volume41,877
Avg. Volume53,720
Market Cap1.618B
Beta (5Y Monthly)1.07
PE Ratio (TTM)91.23
EPS (TTM)0.33
Earnings DateJan 19, 2021 - Jan 28, 2021
Forward Dividend & Yield1.07 (3.56%)
Ex-Dividend DateDec 15, 2020
1y Target EstN/A
  • Benzinga

    Understanding Tri-Continental's Ex-Dividend Date

    On November 20, 2020, Tri-Continental (NYSE:TY) announced shareholders can expect to receive a dividend payable on December 24, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Tri-Continental has an ex-dividend date set for for December 15, 2020. The company's current dividend payout is $0.27, which equates to a dividend yield of 3.76% at current price levels.What Is An Ex-Dividend Date? An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Tri-Continental's Dividend Performance Over the past year, Tri-Continental has seen its dividend payouts and yields climb upward overall. Last year (December 17, 2019), the company's payout sat at $0.25, which has since increased by $0.02. Tri-Continental's dividend yield last year was 3.57%, which has since grown by 0.19%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.Click here to find details on Tri-Continental's previous dividends.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Friday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 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 $0.2679 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 $0.3506 per share of Common Stock. Distributions on Common Stock will be paid on December 24, 2020 to Common Stockholders of record on December 16, 2020 and dividends on Preferred Stock will be paid on January 4, 2021 to Preferred Stockholders of record on December 16, 2020. The ex-dividend date for both the Common Stock and the Preferred Stock is December 15, 2020. The $0.2679 per share ordinary income distribution and the $0.3506 per share capital gain distribution on the Common Stock is in accordance with the Corporation’s distribution policy. The capital gain distribution, being a special distribution, will be paid in stock except that any stockholder of record as of December 16, 2020 may elect to receive such distribution as follows: 75% in shares and 25% in cash; 50% in shares and 50% in cash; or 100% in cash.

  • Business Wire

    Tri-Continental Corporation Declares Third Quarter Distribution

    Tri-Continental Corporation (the "Corporation") (NYSE: TY) today declared a third quarter ordinary income distribution of $0.2622 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on September 24, 2020 to Common Stockholders of record on September 16, 2020 and dividends on Preferred Stock will be paid on October 1, 2020 to Preferred Stockholders of record on September 16, 2020. The ex-dividend date for both the Common Stock and the Preferred Stock is September 15, 2020. The $0.2622 per share ordinary income distribution on the Common Stock is in accordance with the Corporation’s distribution policy.