Tri-Continental Corporation

Tri-Continental Corporationverified

TY

Price:

$32.7642

Market Cap:

$1.76B

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

TY

The ROE as of September 2024 (TTM) for Tri-Continental Corporation (TY) is 15.62%

According to Tri-Continental Corporation’s latest financial reports and current stock price. The company's current ROE is 15.62%. This represents a change of 145.77% compared to the average of 6.36% of the last 4 quarters.

Tri-Continental Corporation (TY) Historical ROE (quarterly & annually)

How has TY ROE performed in the past?

The mean historical ROE of Tri-Continental Corporation over the last ten years is 7.98%. The current 15.62% ROE has changed 95.73% with respect to the historical average. Over the past ten years (40 quarters), TY's ROE was at its highest in in the December 2010 quarter at 55.64%. The ROE was at its lowest in in the December 2008 quarter at -220.60%.

Quarterly (TTM)
Annual

Average

7.98%

Median

11.70%

Minimum

-18.10%

Maximum

21.32%

Tri-Continental Corporation (TY) ROE by Quarter and Year

Discovering the peaks and valleys of Tri-Continental Corporation ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 92.01%

Maximum Annual ROE = 21.32%

Minimum Annual Increase = -611.99%

Minimum Annual ROE = -18.10%

Quarterly (TTM)
Annual
YearROEChange
202314.47%-179.97%
2022-18.10%-184.88%
202121.32%92.01%
202011.10%-44.62%
201920.05%-501.00%
2018-5.00%-129.82%
201716.77%36.44%
201612.29%-611.99%
2015-2.40%-125.80%
20149.30%-55.98%

Tri-Continental Corporation (TY) Average ROE

How has TY ROE performed in the past?

The current ROE of Tri-Continental Corporation (TY) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.90%

5-year avg

9.77%

10-year avg

7.98%

Tri-Continental Corporation (TY) ROE vs. Peers

How is TY’s ROE compared to its peers?

Tri-Continental Corporation’s ROE is less than Eaton Vance Tax-Advantaged Global Dividend Income Fund (25.78%), greater than BlackRock MuniYield Fund, Inc. (-0.01%), less than Eaton Vance Tax-Advantaged Dividend Income Fund (23.20%), less than Eaton Vance Tax-Managed Buy-Write Income Fund (13.67%), less than Nuveen California Select Tax-Free Income Portfolio (17.40%), less than Central Securities Corp. (20.83%), less than Invesco High Income 2024 Target Term Fund (25.55%), less than BlackRock MuniVest Fund, Inc. (4.18%), greater than Invesco High Income 2023 Target Term Fund (-2.10%), less than DWS Municipal Income Trust (2.78%), greater than BlackRock MuniYield Quality Fund, Inc. (-0.03%), greater than BlackRock Municipal Income Fund, Inc. (-0.11%), less than Nuveen Municipal Credit Opportunities Fund (1.29%), less than Adams Diversified Equity Fund, Inc. (34.19%), less than SRH Total Return Fund, Inc. (19.29%), less than Putnam Municipal Opportunities Trust (4.02%), less than Tortoise Energy Independence Fund, Inc. (28.99%), less than Invesco Municipal Trust (22.42%), less than Invesco Trust for Investment Grade Municipals (11.72%), less than Invesco Quality Municipal Income Trust (11.68%), less than Invesco Municipal Opportunity Trust (22.49%), less than MFS High Income Municipal Trust (6.81%),

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