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Tri-Continental Corporation Declares Fourth Quarter Distribution

Published November 22, 2019 09:00 AM EST on BusinessWire

Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a fourth quarter ordinary income distribution of $0.2512 per share of Common Stock and $0.6250 per share of Preferred Stock. In addition, the Corporation declared a long-term capital gain distribution of $0.8115 per share of Common Stock. Distributions on Common Stock will be paid on December 26, 2019 to Common Stockholders of record on December 18, 2019 and dividends on Preferred Stock will be paid on January 2, 2020 to Preferred Stockholders of record on December 18, 2019. The ex-dividend date for both the Common Stock and the Preferred Stock is December 17, 2019. The $0.2512 per share ordinary income distribution and the $0.8115 per share capital gain distribution on the Common Stock is in accordance with the Corporation’s distribution policy. The capital gain distribution, being a special distribution, will be paid in stock except that any stockholder of record as of December 18, 2019 may elect to receive such distribution as follows: 75% in shares and 25% in cash; 50% in shares and 50% in cash; or 100% in cash.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
TRI-CONTINENTAL 27.47   0.0 0.00 1.26 3.68

TRI-CONTINENTAL - TY
TRI-CONTINENTAL - TY  


Older articles featuring Tri-continental (TY):
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Tri-Continental Corporation Declares Second Quarter Distribution
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Tri-Continental Corporation Declares Fourth Quarter Distribution
Tri-Continental Corporation Declares Third Quarter Distribution
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