Central Securities Corporation Stock Price, News & Analysis

The Board of Directors of Central Securities Corporation (CET) has declared a dividend of $0.20 per share, scheduled for payment on June 24, 2022. Of this amount, $0.05 is anticipated to be taxable as ordinary income, while $0.15 is expected to qualify as long-term capital gain. The detailed tax breakdown will be provided at the end of the year.

Central Securities Corporation (NYSE American: CET) reported its quarterly results for the period ending March 31, 2022. Key metrics show an increase in net assets per common share to $47.94 from $44.99 a year prior. Total net assets rose to $1,307,234,999, compared to $1,180,829,973 in the same quarter last year. Additionally, the number of shares outstanding increased to 27,269,884 from 26,243,903.

Central Securities Corporation (AMEX:CET) released its Annual Report for the year ending December 31, 2021. The report highlights a significant increase in net assets, reaching $1.33 billion compared to $1.04 billion in 2020. Net assets per common share also rose to $48.87, up from $39.49 the previous year. Additionally, shares outstanding increased to 27,266,384 from 26,240,403. This performance demonstrates a strong growth trajectory for CET amidst the investment landscape.

Central Securities Corporation (NYSE American: CET) announced the issue price for its upcoming $3.55 per share distribution, payable on December 22, 2021. The issue price is set at $40.05 per share, calculated based on the volume weighted average price (VWAP) over the last three trading days up to December 2, 2021. This distribution was initially communicated on November 3, 2021, and will be payable to shareholders recorded by November 15, 2021.

Tax implications include $0.87 as taxable ordinary income and $2.68 as long-term capital gain.

Central Securities Corporation (CET) released its Report to Stockholders for the nine months ending September 30, 2021. Key highlights include an increase in net assets, which rose to $1.32 billion from $921.97 million in 2020. The net assets per common share increased to $50.31 from $35.78. Shares outstanding grew slightly to 26,243,903 from 25,771,137. These figures indicate substantial growth year-on-year in both net assets and net asset value per share for CET.

Central Securities Corporation (AMEX:CET) has announced a $3.55 per share dividend payable on December 22, 2021. Stockholders recorded by November 15, 2021 can receive the distribution in additional shares or cash, with a cut-off date for cash election on December 2, 2021. The dividend includes $0.87 as ordinary income and $2.68 as long-term capital gain, regardless of the payment method. The final tax treatment will be detailed post-year-end.

Central Securities Corporation (NYSE American: CET) reported significant growth in its financial metrics for the six months ended June 30, 2021. The company's net assets surged to $1.32 billion, up from $908.36 million the previous year. The net assets per common share rose to $50.17, compared to $35.23 in 2020. Additionally, the shares outstanding increased slightly to 26,243,903 from 25,787,110 a year ago, indicating a positive trend in shareholder value.

Wilmot H. Kidd announced his resignation as Chief Executive Officer of Central Securities Corporation (NYSE American: CET), effective December 31, 2021. He will continue as Chairman of the Board. Kidd has been with Central since 1972, previously serving as President until March 2018. John C. Hill, who has been with the Corporation since 2016 and holds extensive investment experience, will succeed Kidd as CEO starting January 1, 2022. The Board unanimously endorsed Hill's capabilities, citing his knowledge of the company’s culture and investment strategies.

The Board of Directors of Central Securities Corporation (CET) has declared a dividend of $0.20 per share, set for payment on June 25, 2021. The dividend breakdown indicates that $0.05 will be taxable as ordinary income and $0.15 as long-term capital gain. This payment reflects the company’s continued commitment to returning value to shareholders. Shareholders should keep in mind that the final tax implications for this distribution will be clarified post-year-end.