Tri-Continental Corp Announces Increased Dividend and Second Quarter Distribution

In a significant move for investors, Tri-Continental Corporation, a closed-end equity mutual fund managed by Columbia Management Investment Advisers, LLC, has announced a 4.8% increase in its dividend. This decision underscores the company’s robust financial health and commitment to delivering shareholder value. The announcement, reported by Seeking Alpha on May 22, 2025, highlights Tri-Continental’s strategic focus on maintaining a strong distribution policy.

Second Quarter Distribution Details

Further solidifying its position in the market, Tri-Continental Corporation declared a second quarter ordinary income distribution of $0.29 per share of Common Stock and $0.62 per share of Preferred Stock. Additionally, a total capital gain distribution of $0.76 per share of Common Stock was announced, comprising short-term capital gains of $0.19 and long-term capital gains of $0.56. These distributions align with the Corporation’s established distribution policy and reflect its ongoing success in the public equity markets.

Distributions on Common Stock are scheduled for payment on June 25, 2025, to shareholders of record as of June 16, 2025. Preferred Stock dividends will be paid on July 1, 2025, to shareholders of record on the same date. The ex-dividend date for both Common and Preferred Stock is set for June 16, 2025.

Financial Overview

Tri-Continental Corporation, trading on the New York Stock Exchange, has demonstrated resilience in the market with a close price of $43.98 as of May 18, 2025. The company’s market capitalization stands at $1.46 billion, with a price-to-earnings ratio of 4.65. Over the past year, the stock has fluctuated between a 52-week high of $49.16 and a low of $43.55, reflecting its dynamic performance in a diversified investment landscape.

Forward-Looking Perspective

With its strategic focus on diversified sectors and a strong distribution policy, Tri-Continental Corporation is well-positioned to continue delivering value to its shareholders. The recent dividend increase and comprehensive second quarter distribution are indicative of the company’s confidence in its financial stability and growth prospects. Investors can look forward to sustained performance as Tri-Continental navigates the evolving market conditions with a forward-looking approach.