Tri Continental About To Put More Money In Your Pocket (TY)

Tri Continental About To Put More Money In Your Pocket (TY)

By Dividend Channel Staff, Friday, March 13, 11:54 AM ET

On 3/17/20, Tri Continental Corporation (NYSE: TY) will trade ex-dividend, for its quarterly dividend of $0.265, payable on 3/26/20. As a percentage of TY's recent stock price of $21.82, this dividend works out to approximately 1.21%, so look for shares of Tri Continental Corporation to trade 1.21% lower — all else being equal — when TY shares open for trading on 3/17/20.

Below is a dividend history chart for TY, showing historical dividends prior to the most recent $0.265 declared by Tri Continental Corporation:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TY is likely to continue, and whether the current estimated yield of 4.86% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TY shares, versus its 200 day moving average:

Looking at the chart above, TY's low point in its 52 week range is $18.90 per share, with $29.21 as the 52 week high point — that compares with a last trade of $22.00.Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

In Friday trading, Tri Continental Corporation shares are currently up about 6.5% on the day.