Tri Continental's Preferred Stock Reaches Yield of Over 5.5%

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Oct 31 2025

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TY+0.95%

Should l Buy TY?

Source: NASDAQ.COM

Stock Performance: Tri Continental Corporation's $2.50 Cumulative Preferred Stock (TY.PR) is up approximately 1.4% in Friday trading, while the common shares (TY) have increased by about 0.1%.
Dividend History: A chart detailing the historical dividend payments for Tri Continental Corporation's $2.50 Cumulative Preferred Stock is provided.
Comparison Chart: A chart comparing the one-year performance of TY.PR shares against TY is included.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.

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Analyst Views on TY

About TY

Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to produce future growth of both capital and income while providing reasonable current income. It invests primarily for the longer term and has no charter restrictions with respect to its investments. With respect to the Fund's investments, assets may be held in cash or invested in all types of securities, that is, in common stocks, bonds, convertible bonds, debentures, notes, preferred and convertible preferred stocks, rights, and other securities or instruments. It may invest in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality. The Fund may invest in derivatives, such as futures contracts (including equity futures and index futures), to equitize cash. The Fund's manager is Columbia Management Investment Advisers, LLC.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Dividend History of Tri Continental's Preferred Stock

Mar 13 2026NASDAQ.COM

Dividend History Overview: Tri Continental Corporation's $2.50 Cumulative Preferred Stock (Symbol: TY.PR) recently declared a dividend of $0.625, indicating the company's commitment to shareholder returns despite market fluctuations that may affect investor confidence.
Stock Performance: In Friday trading, the preferred shares fell approximately 0.2%, while the common shares (Symbol: TY) declined about 0.6%, reflecting a cautious sentiment among investors regarding the company's stock, which could impact future investment decisions.
Market Reaction: The decline in both preferred and common shares suggests investor concerns about the company's future performance, particularly amid increasing economic uncertainty, which may lead to capital outflows and further pressure on stock prices.
Investor Focus: Despite the current stock price decline, investors should keep an eye on other preferred shares within S.A.F.E. dividend stocks for potential investment opportunities, especially regarding dividend stability and yield.

Tri-Continental Corporation Declares Quarterly Dividend

Mar 06 2026Newsfilter

Quarterly Dividend Announcement: Tri-Continental Corporation has declared an ordinary income distribution of $0.2848 per share for common stock and $0.6250 per share for preferred stock, reflecting the company's ongoing profitability and stable dividend policy.
Dividend Payment Schedule: The dividends for common stock will be paid on March 25, 2026, and for preferred stock on April 1, 2026, both requiring record by March 17, 2026, ensuring timely returns for shareholders.
Sustained Dividend Record: The company has paid dividends on its common stock for 82 consecutive years, demonstrating strong financial stability and commitment to shareholders, which helps to bolster investor confidence.
Investment Risk Advisory: The corporation's portfolio investments are subject to market risks, including interest rate and credit risks, prompting investors to carefully assess investment objectives and risks to make informed decisions.

Tri Continental Falls into Oversold Zone (TY)

Dec 12 2025NASDAQ.COM

Oversold Status of Tri Continental Corporation: Tri Continental Corporation (TY) shares have entered oversold territory with an RSI reading of 28.0, indicating potential exhaustion of recent selling pressure.
Comparison with S&P 500 ETF: The current RSI for the S&P 500 ETF (SPY) is 48.9, suggesting that TY's lower RSI may present a buying opportunity for bullish investors.
52-Week Performance Range: TY's shares have a 52-week low of $26.54 and a high of $35.0528, with the last trade recorded at $32.50.
Author's Views Disclaimer: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

Tri-Continental Corporation Announces Fourth Quarter Dividend

Nov 18 2025Newsfilter

Dividend Declaration: Tri-Continental Corporation announced a fourth quarter ordinary income distribution of $0.2711 per share for Common Stock and $0.6250 per share for Preferred Stock, along with a capital gain distribution of $2.0443 per share for Common Stock, to be paid in December 2025 and January 2026.
Distribution Options: Stockholders of Common Stock can choose to receive the capital gain distribution in various combinations of shares and cash, with options including 75% shares and 25% cash, 50% shares and 50% cash, or 100% cash.
Investment Risks: The Corporation's investments are subject to various risks, including market risk, credit risk, and interest rate risk, which may affect the value of investments and the performance of the Corporation's shares.
Investment Considerations: Potential investors are advised to carefully review the Corporation's prospectus for detailed information on investment objectives, risks, and expenses before making investment decisions, as there are no guarantees of achieving investment goals or making distributions.