Tri-Continental (Tri-Continental) 5-Year Yield-on-Cost % : 4.20 (As of Apr. 30, 2024)

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What is Tri-Continental 5-Year Yield-on-Cost %?

Tri-Continental's yield on cost for the quarter that ended in Dec. 2023 was 4.20.

The historical rank and industry rank for Tri-Continental's 5-Year Yield-on-Cost % or its related term are showing as below:

TY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.28 Med: 4.15 Max: 6.35
Current: 4.2

During the past 8 years, Tri-Continental's highest Yield on Cost was 6.35. The lowest was 1.28. And the median was 4.15.

TY's 5-Year Yield-on-Cost % is ranked worse than
64.11% of 1212 companies
in the Asset Management industry
Industry Median: 5.995 vs TY: 4.20

Competitive Comparison of Tri-Continental's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Tri-Continental's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tri-Continental's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Tri-Continental's 5-Year Yield-on-Cost % falls into.

Tri-Continental 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Tri-Continental is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Tri-Continental (NYSE:TY) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Tri-Continental 5-Year Yield-on-Cost % Related Terms

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Tri-Continental (Tri-Continental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TY) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

TYp.PFD:USA

Address

290 Congress Street, Boston, MA, USA, 02110

Website

https://www.columbiathreadneedleus.com

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