Welcome to our dedicated page for Central Securities Corporation news (Ticker: CET), a resource for investors and traders seeking the latest updates and insights on Central Securities Corporation stock.
Central Securities Corp (CET) news coverage tracks announcements and developments from one of America's oldest closed-end investment funds. Operating since 1929, this NYSE-listed fund generates news primarily around its distribution declarations, portfolio performance, and stockholder communications.
Closed-end fund investors rely on timely news to monitor distribution announcements, which directly affect income planning. Central Securities Corp typically announces dividends and year-end capital gains distributions that can impact share pricing and tax planning for shareholders. News about distribution reinvestment pricing helps investors understand the terms when electing to reinvest rather than receive cash.
The fund's quarterly and annual stockholder reports provide insight into portfolio positioning, investment commentary from management, and net asset value updates. For investors tracking the premium or discount at which CET trades relative to its NAV, these periodic reports offer essential context for valuation decisions.
Bookmark this page to follow Central Securities Corp announcements, distribution schedules, and regulatory filings that affect shareholders and prospective investors in this long-established closed-end fund.
Central Securities (NYSE American: CET), a closed-end investment company, has released its Report to Stockholders for the six months ended June 30, 2024. The report highlights significant growth in the company's financial position compared to the previous year:
- Net assets per common share increased from $44.18 to $52.58
- Total net assets grew from $1,235,924,219 to $1,492,593,177
- Shares outstanding rose from 27,976,386 to 28,387,828
These figures demonstrate substantial year-over-year growth in both per-share value and total assets under management for Central Securities
The Board of Directors of Central Securities (NYSE American: CET) has announced a dividend for common stockholders. The declared dividend is $0.20 per share, with a record date of June 14, 2024, and a payment date of June 26, 2024.
Of this dividend, $0.08 per share will be taxable as ordinary income, while $0.12 per share will be taxable as a long-term capital gain. The final tax breakdown for all amounts paid in 2024 will be available after the year-end. For more details, visit businesswire.com.
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