Tri-Continental (Tri-Continental) Dividend Payout Ratio : 0.25 (As of Dec. 2023)

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What is Tri-Continental Dividend Payout Ratio?

Tri-Continental's dividend payout ratio for the months ended in Dec. 2023 was 0.25.

The historical rank and industry rank for Tri-Continental's Dividend Payout Ratio or its related term are showing as below:

TY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 0.28
Current: 0.23

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.

TY's Dividend Payout Ratio is ranked better than
87.38% of 935 companies
in the Asset Management industry
Industry Median: 0.83 vs TY: 0.23

As of today (2024-05-05), the Dividend Yield % of Tri-Continental is 3.61%.

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

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

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.

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.

The growth rate is calculated with least square regression.

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

Tri-Continental Dividend Payout Ratio Historical Data

The historical data trend for Tri-Continental's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Tri-Continental Dividend Payout Ratio Chart

Tri-Continental Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.16

0.28

0.13

0.23

Tri-Continental Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial									0.20	-	1.22	0.22	0.25

Competitive Comparison of Tri-Continental's Dividend Payout Ratio

For the Asset Management subindustry, Tri-Continental's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tri-Continental's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tri-Continental's Dividend Payout Ratio falls into.

Tri-Continental Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.114	/	4.78
	=	0.23

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

Tri-Continental (NYSE:TY) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tri-Continental Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tri-Continental's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tri-Continental (Tri-Continental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TY) » Definitions » Dividend Payout Ratio

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