Shares of Tri-Continental Co. (NYSE:TY – Get Free Report) saw strong trading volume on Monday . 70,832 shares were traded during mid-day trading, an increase of 82% from the previous session’s volume of 38,884 shares.The stock last traded at $31.60 and had previously closed at $31.42.
Tri-Continental Stock Performance
The company’s 50-day simple moving average is $33.46 and its 200 day simple moving average is $32.28.
Tri-Continental Cuts Dividend
The company also recently disclosed a — dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 13th will be paid a $0.285 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 13th.
Hedge Funds Weigh In On Tri-Continental
Tri-Continental Company Profile
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.
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