Tri-Continental Co. (NYSE:TY) insider Peter Albanese sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $27.50, for a total transaction of $151,250.00. Following the transaction, the insider now directly owns 9,268 shares of the company’s stock, valued at $254,870. The sale was disclosed in a document filed with the SEC, which is available through this link.
TY stock traded down $0.05 during midday trading on Thursday, hitting $27.56. The stock had a trading volume of 37,189 shares, compared to its average volume of 73,031. Tri-Continental Co. has a 12-month low of $22.63 and a 12-month high of $28.32.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 20th will be issued a $0.2236 dividend. The ex-dividend date is Tuesday, June 19th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 3.25%.
Tri-Continental Corp. is a diversified, closed-end management investment company. It invests primarily for the longer term and its objective is to produce future growth of both capital and income while providing reasonable current income. The company was founded on January 14, 1929 and is headquartered in Boston, MA.
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