Media coverage about Tri Continental (NYSE:TY) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tri Continental earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 48.2334536932545 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Tri Continental (NYSE:TY) opened at $26.63 on Thursday. Tri Continental has a 1 year low of $21.79 and a 1 year high of $26.84.
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 given a dividend of $0.3094 per share. The ex-dividend date of this dividend 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.
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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