Tri-Continental Corp. (TY) Raises Quarterly Dividend 40% to $0.105; 2.7% Yield

Tri-Continental Corp. (NYSE: TY) declared a quarterly dividend of $0.105 per share, or $0.42 annualized. This is a 40% increase from the prior dividend of $0.075.

The dividend will be payable on March 29, 2012, to stockholders of record on March 20, 2012, with an ex-dividend date of March 16, 2012. The annual yield on the dividend is 2.7 percent.

The Corporation has paid dividends on its common stock for 68 consecutive years. The Corporation’s investment manager is Columbia Management Investment Advisers, LLC (formerly known as RiverSource Investments, LLC), a wholly owned subsidiary of Ameriprise Financial, Inc. Columbia Management Investment Distributors, Inc. (formerly known as RiverSource Fund Distributors, Inc.) is the principal underwriter of the Columbia funds.

For a dividend history and other dividend-related data on Tri-Continental Corp. (TY) click here.

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