Central Securities Co. (NYSE:CET – Get Free Report) announced a semi-annual dividend on Tuesday, November 5th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 2.05 per share on Friday, December 20th. This represents a dividend 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 increased its dividend payment by an average of 2.9% annually over the last three years.
Central Securities Stock Performance
CET traded down $0.02 during trading hours on Thursday, hitting $49.08. 15,586 shares of the stock were exchanged, compared to its average volume of 30,829. The stock has a 50-day simple moving average of $46.29 and a 200-day simple moving average of $44.38. Central Securities has a 12 month low of $35.58 and a 12 month high of $49.51.
Insider Transactions at Central Securities
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.
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