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

Tri-Continental Co. (NYSE:TY) declared a — dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders 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 dividend yield of 3.3%. The ex-dividend date is Friday, December 13th.

Tri-Continental Price Performance

Shares of Tri-Continental stock traded up $0.01 during trading on Wednesday, hitting $33.61. 20,027 shares of the company’s stock traded hands, compared to its average volume of 38,123. The firm’s fifty day moving average price is $33.09 and its 200 day moving average price is $31.81. Tri-Continental has a twelve month low of $27.13 and a twelve month high of $34.30.

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.