Welcome to our dedicated page for Central Securities news (Ticker: CET), a resource for investors and traders seeking the latest updates and insights on Central Securities stock.
Central Securities Corporation operates as a closed-end investment company focused on long-term growth of capital. Its investment mandate includes common stocks, bonds, convertible securities, preferred stocks, warrants, options, real estate, and short-term obligations of governments, banks, and corporations.
CET news centers on reports to stockholders, net assets per common share, total net assets, shares outstanding, dividends, year-end distributions, reinvestment prices, and the expected tax character of distributions as ordinary income or long-term capital gain.
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Central Securities Corporation (NYSE American: CET) released its Annual Report for the year ending December 31, 2022. The report indicates a decline in net assets to $1,132,835,676 from $1,332,590,581 in 2021. Additionally, the net assets per common share dropped to $40.48 from $48.87, highlighting a significant decrease. Shares outstanding increased to 27,988,252, compared to 27,266,384 the previous year, potentially indicating shareholder dilution. This performance raises questions about the company's future outlook amidst these financial declines.
Central Securities Corporation (NYSE American: CET) announced a distribution of $2.25 per share payable on December 22, 2022. The issuance price for the common stock will be $35.36 per share, based on the average daily volume weighted average price (VWAP) over the last three trading days concluding December 1, 2022. The distribution was previously disclosed on November 3, 2022, with a record date of November 14, 2022.
Of the total, $0.50 is taxable as ordinary income and $1.75 as long-term capital gain.
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.