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

Central Securities Co. (NYSE:CET) declared a semi-annual dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Friday, November 15th will be given 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 an increase from Central Securities’s previous semi-annual dividend of $0.20.

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

Central Securities Stock Performance

Shares of NYSE:CET traded up $1.25 during trading on Wednesday, reaching $48.38. 16,497 shares of the company 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 business’s fifty day moving average is $45.76 and its 200-day moving average is $44.06.

Insider Buying and Selling at Central Securities

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

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.