Awaiting Cash Dividend: Tri Continental Corporation’s Preferred Stock
On the horizon, on 6/10/24, Tri Continental Corporation’s $2.50 Cumulative Preferred Stock (Symbol: TY.PR) is set to trade ex-dividend. Investors can anticipate a quarterly dividend of $0.625, with payment scheduled for 7/1/24. Considering this dividend against TY.PR’s recent share price of $45.00, the payout represents about 1.39%. Hence, when the market opens on 6/10/24, expect TY.PR shares to trade 1.39% lower, barring significant changes. Assessing it annually, the current yield stands at approximately 5.56%, slightly trailing the 6.73% average yield in the “Financial” preferred stock category.
Historical Context:
Let’s delve into historical context. Looking back, investors can gain insight from previous dividend patterns before the most recent $0.625 distribution on Tri Continental Corporation’s $2.50 Cumulative Preferred Stock.
In today’s trading session, Tri Continental Corporation’s $2.50 Cumulative Preferred Stock (Symbol: TY.PR) remains steady, while common shares (Symbol: TY) show a slight decline of about 0.1%.
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Performance Snapshot:
To provide a performance snapshot, observe the one-year journey of TY.PR shares against TY in the comparison chart below.
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