Reminder - Tri Continental (TY) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Tri Continental Corporation (Symbol: TY) will trade ex-dividend, for its quarterly dividend of $0.2765, payable on 12/19/23. As a percentage of TY's recent stock price of $27.89, this dividend works out to approximately 0.99%, so look for shares of Tri Continental Corporation to trade 0.99% lower — all else being equal — when TY shares open for trading on 12/8/23.

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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 3.97% 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:

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Looking at the chart above, TY's low point in its 52 week range is $25.16 per share, with $28.515 as the 52 week high point — that compares with a last trade of $27.86.

In Wednesday trading, Tri Continental Corporation shares are currently up about 0.9% on the day.

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