Central Securities Co. (NYSE:CET) to Issue Semi-annual Dividend of $2.05

Central Securities Co. (NYSE:CET) declared a semi-annual dividend on Wednesday, November 6th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 2.05 per share on Friday, December 20th. This represents a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Central Securities’s previous semi-annual dividend of $0.20.

Central Securities has increased its dividend by an average of 2.9% per year over the last three years.

Central Securities Trading Up 2.8 %

NYSE CET traded up $1.31 during trading hours on Wednesday, reaching $48.44. 16,497 shares of the company’s stock traded hands, compared to its average volume of 31,107. Central Securities has a 52-week low of $34.77 and a 52-week high of $48.46. The firm has a 50-day simple moving average of $45.76 and a 200 day simple moving average of $44.06.

Insider Transactions at Central Securities

In related news, VP Andrew J. O’neill acquired 1,080 shares of the stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $46.09 per share, for a total transaction of $49,777.20. Following the completion of the purchase, the vice president now owns 84,916 shares of the company’s stock, valued at $3,913,778.44. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Andrew J. O’neill purchased 1,080 shares of Central Securities stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of $46.09 per share, for a total transaction of $49,777.20. Following the completion of the acquisition, the vice president now directly owns 84,916 shares of the company’s stock, valued at $3,913,778.44. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Hill purchased 600 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $46.71 per share, with a total value of $28,026.00. Following the transaction, the chief executive officer now owns 69,296 shares in the company, valued at $3,236,816.16. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 10.30% of the company’s stock.

Central Securities Company Profile

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.