GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TY) » Definitions » 3-Year Dividend Growth Rate

Tri-Continental (Tri-Continental) 3-Year Dividend Growth Rate : 1.10% (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Tri-Continental 3-Year Dividend Growth Rate?

Tri-Continental's Dividends per Share for the six months ended in Dec. 2023 was $0.54.

The historical rank and industry rank for Tri-Continental's 3-Year Dividend Growth Rate or its related term are showing as below:

TY' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.1   Med: 3.45   Max: 51.7
Current: 1.1

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Tri-Continental was 51.70% per year. The lowest was 1.10% per year. And the median was 3.45% per year.

TY's 3-Year Dividend Growth Rate is ranked worse than
52.82% of 869 companies
in the Asset Management industry
Industry Median: 1.7 vs TY: 1.10

During the past 12 months, Tri-Continental's average Dividends Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Tri-Continental's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.25. As of today, Tri-Continental's Dividend Yield % is 3.62%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Tri-Continental's 3-Year Dividend Growth Rate

For the Asset Management subindustry, Tri-Continental's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tri-Continental's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tri-Continental's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Tri-Continental's 3-Year Dividend Growth Rate falls into.



Tri-Continental 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Tri-Continental  (NYSE:TY) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Tri-Continental's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.537/ 2.116
=0.25

During the past 8 years, the highest Dividend Payout Ratio of Tri-Continental was 0.28. The lowest was 0.06. And the median was 0.16.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Tri-Continental Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2562024-03-082024-03-112024-03-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.2772023-12-082023-12-112023-12-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.2612023-09-082023-09-112023-09-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.2862023-06-092023-06-122023-06-21Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Tri-Continental's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.08/29.79
=3.63 %

Current Share Price is $29.79.
Tri-Continental's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.08.

During the past 8 years, the highest Dividend Yield of Tri-Continental was 5.48%. The lowest was 1.10%. And the median was 3.58%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tri-Continental 3-Year Dividend Growth Rate Related Terms>


Tri-Continental (Tri-Continental) Business Description

Traded in Other Exchanges
Address
290 Congress Street, Boston, MA, USA, 02110
Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.
Executives
Janet Carrig director ONE SOUTH WACKER DRIVE SUITE 3200, CHICAGO IL 60606
Raghavendran Sivaraman other: Portfolio Manager of Issuer 225 FRANKLIN STREET, BOSTON MA 02110
Douglas A Hacker director P O BOX 66100-WHQLD, CHICAGO IL 60666
Oleg Nusinzon other: Portfolio Manager of Issuer 225 FRANKLIN ST, BOSTON MA 02110
Gene R Tannuzzo other: Man Dir/GL HD of FI Issuer IA 225 FRANKLIN ST., BOSTON MA 02110
Christopher O. Petersen officer: Vice President and Secretary 5228 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Grace Lee other: Portfolio Manager of Issuer 225 FRANKLIN STREET, BOSTON MA 02110
Brian M. Engelking other: Dir., VP & CFO of Issuer's IA 225 FRANKLIN STREET, BOSTON MA 02110
Sandra Yeager director 225 FRANKLIN ST., BOSTON MA 02110
Jonathan C Cleasby other: Dir., VP & CFO of Issuer's IA 225 FRANKLIN ST., BOSTON MA 02110
David L King other: Portfolio Manager of Issuer C/O PUTNAM LLC, ONE POST OFFICE SQUARE L5, BOSTON MA 02109
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Daniel Beckman officer: Senior Vice President 225 FRANKLIN STREET, BOSTON MA 02110
Brian J Gallagher director 225 FRANKLIN STREET, BOSTON MA 02110
Anthony M Santomero director RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM 19

Tri-Continental (Tri-Continental) Headlines

From GuruFocus

Tri-Continental Corporation Declares Second Quarter Distribution

By Business Wire Business Wire 05-19-2022

Tri-Continental Corporation Holds 92nd Annual Meeting of Stockholders

By Business Wire Business Wire 06-21-2022

Tri-Continental Corporation Declares Fourth Quarter Distribution

By Business Wire Business Wire 11-17-2022

Tri-Continental Corporation Declares Third Quarter Distribution

By Business Wire Business Wire 09-04-2020

Tri-Continental Corporation Declares Fourth Quarter Distribution

By Business Wire Business Wire 11-20-2020

Tri-Continental Corporation Declares First Quarter Distribution

By Business Wire Business Wire 03-05-2021

Tri-Continental Corporation Declares Fourth Quarter Distribution

By Business Wire Business Wire 11-19-2021

Tri-Continental Corporation Declares Third Quarter Distribution

By Business Wire Business Wire 09-03-2021