Tri-Continental Corp Declares $0.2848 Quarterly Dividend on Common Stock
Tri-Continental Corporation (NYSE: TY), a diversified closed-end fund, declared a first quarter ordinary income distribution of $0.2848 per share on its common stock. The fund has now paid dividends for 82 consecutive years.
Tri-Continental Corporation (NYSE: TY), a diversified closed-end fund managed by Columbia Management Investment Advisers, declared a first quarter ordinary income distribution of $0.2848 per share on its common stock. The fund also declared a $0.6250 per share distribution on its preferred stock. Read more dividend announcements.
Common stockholders of record on March 17, 2026 will receive payment on March 25, 2026. Preferred stockholders of record on the same date will receive payment on April 1, 2026. Both classes of stock go ex-dividend on March 17, 2026.
The distribution marks the 82nd consecutive year the fund has paid dividends on its common stock. The payment is classified as ordinary income and comes from the fund's earnings and profits, not a return of capital.
Distribution Details
| Security | Amount Per Share | Record Date | Ex-Dividend Date | Payment Date |
|---|---|---|---|---|
| Common Stock | $0.2848 | March 17, 2026 | March 17, 2026 | March 25, 2026 |
| Preferred Stock | $0.6250 | March 17, 2026 | March 17, 2026 | April 1, 2026 |
Tri-Continental Corporation is a closed-end fund that trades on the New York Stock Exchange. Columbia Management Investment Advisers, a wholly-owned subsidiary of Ameriprise Financial Inc., serves as the fund's investment manager.
The fund noted that its common stock distributions will vary and that shares of closed-end funds frequently trade at prices that differ from their net asset value.