Cash Dividend On The Way From Tri Continental Corporation's $2.50 Cumulative Preferred Stock

On 12/13/24, 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 1/2/25. As a percentage of TY.PR's recent share price of $46.04, this dividend works out to approximately 1.36%, so look for shares of TY.PR to trade 1.36% lower — all else being equal — when TY.PR shares open for trading on 12/13/24. On an annualized basis, the current yield is approximately 5.53%, which compares to an average yield of 6.48% 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 Wednesday trading, Tri Continental Corporation's $2.50 Cumulative Preferred Stock (Symbol: TY.PR) is currently up about 1.9% on the day, while the common shares (Symbol: TY) are up about 0.5%.

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