News

On 6/10/24, Tri Continental Corporation's $2.50 Cumulative Preferred Stock (Symbol: TY.PR) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 7/1/24. As a percentage of TY.PR's recent share price of $45.00, this dividend works out to approximately 1.39%, so look for shares of TY.PR to trade 1.39% lower — all else being equal — when TY.PR shares open for trading on 6/10/24. On an annualized basis, the current yield is approximately 5.56%, which compares to an average yield of 6.73% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of TY.PR shares, versus TY:

Below is a dividend history chart for TY.PR, showing historical dividends prior to the most recent $0.625 on Tri Continental Corporation's $2.50 Cumulative Preferred Stock:

In Thursday trading, Tri Continental Corporation's $2.50 Cumulative Preferred Stock (Symbol: TY.PR) is currently trading flat on the day, while the common shares (Symbol: TY) are off about 0.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Also see:

NSTS Historical Stock Prices
Institutional Holders of GK
Funds Holding LOGM

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.