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 a positive change 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

Shares of Central Securities stock traded down $0.02 during midday trading on Thursday, reaching $49.08. The company had a trading volume of 15,586 shares, compared to its average volume of 30,829. Central Securities has a 1-year low of $35.58 and a 1-year high of $49.51. The stock has a fifty day simple moving average of $46.29 and a 200 day simple moving average of $44.38.

Insider Buying and Selling

In other Central Securities news, CEO John C. Hill acquired 600 shares of Central Securities stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $46.71 per share, with a total value of $28,026.00. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO John C. Hill bought 600 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $46.71 per share, with a total value of $28,026.00. Following the completion of the purchase, the chief executive officer now owns 69,296 shares of the company’s stock, valued at $3,236,816.16. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Andrew J. O’neill bought 1,080 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $46.09 per share, with a total value of $49,777.20. Following the completion of the transaction, 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. 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.