Tri-Continental Corporation
TYFinancial Services · Stock · quarterly payer
Forward Yield
3.28%
Annual Dividend
$1.14
Payout Ratio
22%
5-Yr Growth
0.5%
Ex-Date
Jun 16, 2026
Frequency
Quarterly
Summary
As of July 2026, Tri-Continental Corporation (TY) yields 3.28% ($1.14 per share annually), with a blended fair-value estimate of $57.00 — +63% upside, so it screens as undervalued. Dividend safety grade: C (65/100).
Is TY a good dividend stock?
Yes, with caveatsTri-Continental Corporation (TY) pays a quarterly dividend yielding 3.28% ($1.14/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (22%)
Risks
- Cut its dividend in 2025
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.28%
- Payout Ratio
- 22%
- Annual Dividend
- $1.14
- 5-Yr Avg Growth
- 0.5%
- Ex-Dividend Date
- Jun 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.85
- Market Cap
- $1.9B
- P/E Ratio
- 7.1
- 5-Yr Total Return
- -0%
- 52-Week Range
- $30.53 – $36.05
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
TY Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+26%
5 Years
-0%
52-Week Range
$30.53 – $36.05
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Tri-Continental Corporation is $57.00 per share, versus a market price of $34.87. That implies 63% of upside — a margin of safety of about 39%.
Fair Value
$57.00
Current Price
$34.87
Upside
+63%
Margin of Safety
39%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.6% discount rate (CAPM), 0.6% stage-1 growth, 2.5% terminal growth, $4.92 EPS, $1.14 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TY Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 16, 2026 | — | $0.8290 | regular |
| Mar 17, 2026 | — | $0.2850 | regular |
| Dec 12, 2025 | — | $0.2710 | regular |
| Sep 16, 2025 | — | $0.2650 | regular |
| Jun 16, 2025 | — | $0.2900 | regular |
| Mar 18, 2025 | — | $0.2770 | regular |
| Dec 13, 2024 | — | $0.2850 | regular |
| Sep 13, 2024 | — | $0.2910 | regular |
| Jun 10, 2024 | — | $0.5780 | regular |
| Mar 8, 2024 | — | $0.2560 | regular |
| Dec 8, 2023 | — | $0.2770 | regular |
| Sep 8, 2023 | — | $0.2610 | regular |
| Jun 9, 2023 | — | $0.2860 | regular |
| Mar 10, 2023 | — | $0.2900 | regular |
Income Calculator
At $1.14 / yr per share
