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

Central Securities Co. (NYSE:CET) announced a semi-annual dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid 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 by an average of 2.9% annually over the last three years.

Central Securities Trading Up 0.9 %

CET stock traded up $0.37 during mid-day trading on Friday, reaching $43.16. 18,813 shares of the stock traded hands, compared to its average volume of 35,788. The business has a 50-day moving average price of $41.30 and a two-hundred day moving average price of $38.92. Central Securities has a one year low of $34.19 and a one year high of $43.61.

Insider Activity

In other Central Securities news, VP Andrew J. O’neill bought 800 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were purchased at an average cost of $40.13 per share, for a total transaction of $32,104.00. Following the purchase, the vice president now directly owns 83,639 shares in the company, valued at $3,356,433.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have bought 1,600 shares of company stock worth $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.