Tri-Continental (TY) Earns Daily Media Sentiment Rating of 0.09
News coverage about Tri-Continental (NYSE:TY) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tri-Continental earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 47.4998259675171 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Tri-Continental (NYSE:TY) traded down $0.04 on Tuesday, reaching $26.64. 41,607 shares of the company’s stock were exchanged, compared to its average volume of 69,277. Tri-Continental has a 1 year low of $22.02 and a 1 year high of $27.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.3094 per share. The ex-dividend date is Wednesday, December 20th. This represents a $1.24 dividend on an annualized basis and a yield of 4.65%. This is an increase from Tri-Continental’s previous quarterly dividend of $0.26.
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Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.
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