Looking at the universe of stocks we cover at Dividend Channel , on 6/15/17, Tri Continental Corporation (Symbol: TY) will trade ex-dividend, for its quarterly dividend of $0.2509, payable on 6/27/17. As a percentage of TY's recent stock price of $24.28, this dividend works out to approximately 1.03%, so look for shares of Tri Continental Corporation to trade 1.03% lower - all else being equal - when TY shares open for trading on 6/15/17.
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 4.13% 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 $19.55 per share, with $24.32 as the 52 week high point - that compares with a last trade of $24.28.
In Tuesday trading, Tri Continental Corporation shares are currently up about 0.5% 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.