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Tri-Continental Corporation Declares First Quarter Distribution

1. TY declared a $0.2766 dividend per common share and $0.6250 per preferred share. 2. Dividends reflect financial health and attract income-focused investors.

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FAQ

Why Bullish?

The declaration of dividends signals strong cash flow and stability, leading to positive investor sentiment. Previous announcements of similar dividends have historically led to upward price movements for dividend-yielding stocks.

How important is it?

The dividend declaration is a key indicator of TY's financial health, making it significant for investors seeking income. Such announcements are typically well-received, indicating ongoing profitability and sustaining investor interest.

Why Short Term?

Dividend announcements often lead to immediate positive price reactions, especially as investors position themselves ahead of the ex-dividend date. This impact typically diminishes as the payment date approaches and the stock stabilizes.

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BOSTON--(BUSINESS WIRE)--Tri-Continental Corporation (the “Corporation”) (NYSE: TY) today declared a first quarter ordinary income distribution of $0.2766 per share of Common Stock and $0.6250 per share of Preferred Stock. Distributions on Common Stock will be paid on March 26, 2025, to Common Stockholders of record on March 18, 2025, and dividends on Preferred Stock will be paid on April 1, 2025 to Preferred Stockholders of record on March 18, 2025. The ex-dividend date for both the Common Sto.

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