Central Securities Co. (NYSE:CET) Increases Dividend to $2.05 Per Share

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 paid a dividend of 2.05 per share on Friday, December 20th. This represents a yield of 1.3%. The ex-dividend date is Friday, November 15th. This is an increase from Central Securities’s previous semi-annual dividend of $0.20.

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

Central Securities Stock Performance

NYSE CET opened at $48.38 on Thursday. The company has a 50-day simple moving average of $45.84 and a two-hundred day simple moving average of $44.09. Central Securities has a 12-month low of $34.77 and a 12-month high of $48.46.

Insider Activity at Central Securities

In other news, VP Andrew J. O’neill bought 1,080 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the vice president now owns 84,916 shares of the company’s stock, 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 SEC, which is available at this hyperlink. In related news, CEO John C. Hill purchased 600 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average price 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 in the company, valued at approximately $3,236,816.16. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the vice president now directly owns 84,916 shares of the company’s stock, valued at $3,913,778.44. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.30% of the stock is currently owned by company 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.