Tri-Continental Corp Declares Quarterly Dividend

By Tamara Parker • Friday, March 01 15:15 • Permanent Link

Tri-Continental Corporation (NYSE: TY) has declared its first quarter ordinary income distribution, with a payment of $0.2560 per share of Common Stock and $0.6250 per share of Preferred Stock. The distributions on Common Stock will be paid on March 19, 2024, to Common Stockholders of record on March 11, 2024, while dividends on Preferred Stock will be paid on April 1, 2024, to Preferred Stockholders of record on March 11, 2024. The ex-dividend date for both the Common Stock and the Preferred Stock is March 8, 2024.

The Corporation has a history of paying dividends on its common stock for 80 consecutive years. As of the most recent period, the Corporation’s distributions on common stock will vary, and the current distributions are estimated to be from the earnings and profits of the Corporation. Additionally, the Corporation’s net asset value of common shares may not always correspond to the market price of such shares.

Today the company's shares have moved 0.9% to a price of $29.93. For the full picture, make sure to review Tri-Continental's 8-K report.

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