Central Securities Co. Announces Semi-annual Dividend of $0.20 (NYSE:CET)

Central Securities Co. (NYSE:CET) declared a semi-annual dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.20 per share on Wednesday, June 26th. This represents a yield of 1.2%. The ex-dividend date is Friday, June 14th.

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

Central Securities Trading Up 0.9 %

Shares of Central Securities stock traded up $0.37 during trading on Friday, reaching $43.16. The company’s stock had a trading volume of 18,861 shares, compared to its average volume of 35,782. Central Securities has a 52 week low of $34.19 and a 52 week high of $43.61. The business’s 50-day moving average price is $41.30 and its 200-day moving average price is $38.92.

Insider Transactions at Central Securities

In related news, VP Andrew J. O’neill acquired 800 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average cost of $40.13 per share, for a total transaction of $32,104.00. Following the transaction, the vice president now directly owns 83,639 shares in the company, valued at $3,356,433.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 1,600 shares of company stock valued at $64,403. Corporate insiders own 10.30% of the company’s stock.

About Central Securities

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.