DEC 22·MarketBeatMed
Tri Continental (NYSE:TY) Sees Large Volume Increase - What's Next?
Tri Continental (NYSE:TY) experienced a significant trading volume increase of 21%, with 55,070 shares changing hands and the stock trading around $33.01. The company recently announced a dramatic hike in its quarterly dividend to $2.3154 per share, representing an annualized yield of 28.3%. Institutional ownership in Tri Continental stands at 10.22%, with firms like Lazard and Shaker Financial materially increasing their positions.