Tri-Continental/TY

$29.96

1.31%
-
1D1W1MYTD1YMAX

About Tri-Continental

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.

Ticker

TY

Sector

Financials

Trading on

NYSE

Industry

Misc. Financial Services

CEO

Christopher Petersen

Employees

-

Tri-Continental Metrics

BasicAdvanced
$1.56B
Market cap
6.07
P/E ratio
$4.82
EPS
0.95
Beta
$1.10
Dividend rate
3.69%
Dividend yield
$1.56B
0.95263
$30.95
$25.16
40.11K
$1.10
26.37%
15.02%
15.39%
15.05%
6.072
23.297
0.896
0.894
8.475
3.51%
3.77%
3.69%
-1.63%
189.69%
1.91%
8.58%
0.76%

Tri-Continental Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
337.8% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$32.8M
-4.09%
Net income
$110.8M
-22.03%
Profit margin
337.8%
-18.7%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Tri-Continental stock?

Tri-Continental (TY) has a market cap of $1.56B as of April 24, 2024.

What is the P/E ratio for Tri-Continental stock?

The price to earnings (P/E) ratio for Tri-Continental (TY) stock is 6.07 as of April 24, 2024.

Does Tri-Continental stock pay dividends?

Yes, the Tri-Continental (TY) stock pays dividends to shareholders. As of April 24, 2024, the dividend rate is $1.1022 and the yield is 3.69%. Tri-Continental has a payout ratio of 26.37% on a trailing twelve-month basis.

When is the next Tri-Continental dividend payment date?

The next Tri-Continental (TY) dividend payment date is unconfirmed.

What is the beta indicator for Tri-Continental?

Tri-Continental (TY) has a beta rating of 0.95. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Tri-Continental stock price target?

The target price for Tri-Continental (TY) stock is $, which is 100% below the current price of $29.96. This is an average based on projections from analyst, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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