TY News and Press, Tri Continental Corporation From 06/20/23

Tri-Continental Corporation (the “Corporation”) (NYSE: TY ) today held its 93 rd Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Corporation’s Board of Directors (the &#x...

2023-06-03 01:00:00 ET Summary May 2023 saw a rebound for dividend-paying companies in the U.S. stock market, with an increase in firms raising dividends and a decrease in dividend-paying firms. However, our sampling found 37 announcements of reduced, cut, or suspended dividends, ...

2023-03-15 12:22:49 ET Summary The Federal Reserve commissioned a study in 2021 to evaluate, "How Many U.S. Zombie Firms and How Consequential?" In the wake of the largest banking collapses since 2008, this article evaluates which firms may most be at risk from a credit event. ...

The Board of Directors (the Board) of Tri-Continental Corporation (the Corporation) (NYSE: TY ) today announced that the Corporation’s 93 rd Annual Meeting of Stockholders will be held on June 20, 2023 (the Meeting) in Minneapolis, MN. The close of business on April 11, 2023 has be...

Tri-Continental ( NYSE: TY ) declares $0.29/share quarterly dividend , 9.4% increase from prior dividend of $0.27. Forward yield 4.3% Payable April 3; for shareholders of record March 13; ex-div March 10. See TY Dividend Scorecard, Yield Chart, & Dividend Gro...

Summary The ADX fund has been in operation since 1929. It provides long-term capital appreciation and high current distributions from a portfolio of diversified equities. The ADX fund pays a 6%+ distribution yield. The fund may appeal to long-term income-oriented investors who don't...

Summary Tri-Continental is an equities CEF. The fund targets long-term capital growth and current income by constructing a portfolio similar to the S&P 500 but with a Value tilt. The CEF is overweight Financials and Energy versus the index and underweight Technology. The fun...

Summary General American Investors (GAM) uses a concentrated investment strategy that dates back to 1927. There are at least 3 other CEFs with that length of history. For investors looking for a fund that consistently provides better results than the SPDR S&P 500 Trust ETF (SP...

Summary The Aberdeen Total Dynamic Dividend Fund aims to provide high current income and capital appreciation. The fund invests in dividend-paying stocks across the globe. Although the 8.7% current yield is attractive, it is higher than the fund's average returns, meaning the ...

Summary The Tri-Continental Corporation (TY) is another CEF that dates back to 1929. It seeks to invest in stocks of large-cap companies, but may invest in fixed income assets too. This article covers TY in detail and I compare its results against three other investment choic...