Tri-Continental Co. (NYSE:TY) insider Peter Albanese sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $27.50, for a total transaction of $151,250.00. Following the completion of the sale, the insider now owns 9,268 shares of the company’s stock, valued at approximately $254,870. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE:TY traded down $0.05 during mid-day trading on Thursday, reaching $27.56. The stock had a trading volume of 37,189 shares, compared to its average volume of 73,031. Tri-Continental Co. has a twelve month low of $22.63 and a twelve month high of $28.32.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 20th will be issued a $0.2236 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $0.89 dividend on an annualized basis and a yield of 3.25%.
Tri-Continental Company Profile
Tri-Continental Corp. is a diversified, closed-end management investment company. It invests primarily for the longer term and its objective is to produce future growth of both capital and income while providing reasonable current income. The company was founded on January 14, 1929 and is headquartered in Boston, MA.
Receive News & Ratings for Tri-Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri-Continental and related companies with MarketBeat.com's FREE daily email newsletter.