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Tri-Continental Corp ( (TY) ) has provided an update.
On May 22, 2025, Tri-Continental Corporation announced a second quarter distribution, declaring an ordinary income distribution of $0.2900 per share for Common Stock and $0.6250 per share for Preferred Stock, along with a capital gain distribution of $0.7620 per share for Common Stock. This distribution aligns with the company’s policy and offers shareholders options for receiving it in stock or cash. The announcement highlights the company’s consistent dividend history but also notes the inherent market risks associated with its investments, including potential fluctuations in stock prices and the impact of market volatility due to leverage.
More about Tri-Continental Corp
Tri-Continental Corporation operates in the financial industry, focusing on investment management. It is managed by Columbia Management Investment Advisers, LLC, a subsidiary of Ameriprise Financial, Inc. The company has a long history of paying dividends on its common stock for 81 consecutive years.
Average Trading Volume: 49,047
For detailed information about TY stock, go to TipRanks’ Stock Analysis page.