Tri-Continental Corp (TY) has declared a quarterly dividend of $0.27 per share, payable to shareholders of record. This announcement highlights an 8.5% decrease from the prior dividend of $0.29 per share.
The ex-dividend date is set for September 15, 2025, meaning investors must own shares before this date to qualify for the dividend. Eligible shareholders will receive the payment on September 23, 2025.
With a current dividend yield of 3.17%, this payout provides regular income to shareholders. Tri-Continental Corp, based in Boston, Massachusetts, is a diversified closed-end management investment company that aims to generate both capital growth and income. The company invests primarily for the long term across various asset classes, including common stocks, bonds, and convertible securities.
The recent reduction in the dividend may reflect changing business conditions or shifts in capital allocation priorities. Investors are encouraged to review the company's dividend history, payout ratio, and overall financial health to assess the sustainability of these payments. As of November 20, 2025, Tri-Continental Corp has a market capitalization of $1.8 billion, a P/E ratio of 7.83, and an EPS of 4.31. Upcoming earnings are scheduled for March 2, 2026.