Central Securities Corporation Stock Price, News & Analysis

Central Securities Corporation (CET) released its Report to Stockholders for the nine months ending September 30, 2022. Key figures indicate a decline in net assets, with total assets dropping to $1,097,215,049 from $1,320,425,332 in the previous year. Net assets per common share also decreased to $40.27, down from $50.31. The number of shares outstanding rose to 27,247,478 compared to 26,243,903 a year prior.

Central Securities Corporation (NYSE American: CET) has declared a distribution of $2.25 per share on its Common Stock. The dividend will be payable on December 22, 2022 to stockholders of record on November 14, 2022. Stockholders can choose to receive the distribution in additional shares or in cash, with the cut-off date for cash election set for December 1, 2022. The cash portion of the distribution consists of $0.50 taxable as ordinary income and $1.75 as long-term capital gain.

Central Securities Corporation (CET) released its stockholder report for the six months ending June 30, 2022. The company's net assets decreased to $1.10 billion compared to $1.32 billion in 2021. Additionally, net assets per share fell from $50.17 to $40.42. Shares outstanding increased from 26,243,903 to 27,269,884. This report highlights significant declines in financial metrics, indicating a challenging period for the corporation.

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.