Looking at the universe of stocks we cover at Dividend Channel, on 6/10/22, Tri Continental Corporation (Symbol: TY) will trade ex-dividend, for its quarterly dividend of $0.2782, payable on 6/22/22. As a percentage of TY's recent stock price of $29.08, this dividend works out to approximately 0.96%, so look for shares of Tri Continental Corporation to trade 0.96% lower — all else being equal — when TY shares open for trading on 6/10/22.
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 3.83% 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 $27.32 per share, with $35.91 as the 52 week high point — that compares with a last trade of $29.42.
In Wednesday trading, Tri Continental Corporation shares are currently down about 1.5% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
