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 Corporation (NYSE American: CET) is a non-diversified closed-end investment company whose public communications frequently focus on dividends, year-end distributions, and periodic financial reporting. This news page aggregates announcements and updates related to CET, giving investors a single location to review the company’s official disclosures.
News releases from Central Securities Corporation commonly cover dividend declarations and year-end distributions on its common stock. These announcements describe the per-share distribution amounts, record dates, payment dates, and whether distributions will be paid in additional shares of stock or in cash at the stockholder’s election. They also explain how reinvestment prices are determined when distributions are paid in stock, including the use of volume weighted average price (VWAP) calculations.
Another key category of CET news consists of Reports to Stockholders for specified periods, such as three, six, or nine months. These reports provide figures for net assets, net assets per common share, and shares outstanding, often with comparisons to the prior year. News items announcing these reports highlight the updated net asset metrics and direct investors to more detailed information.
By following this news feed, readers can review the timing and structure of Central Securities Corporation’s distributions, see how the company characterizes the tax treatment of those distributions, and monitor changes in reported net assets and net asset value per share over time. Investors who track CET can use this page as a convenient way to review the company’s official announcements regarding its closed-end fund operations and capital distributions.
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
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.
Central Securities Corporation (NYSE American: CET) released its Report to Stockholders for the quarter ending March 31, 2021. The report highlights a significant increase in net assets, which rose to $1.18 billion compared to $813.96 million a year earlier. The net assets per common share also saw an improvement, reaching $44.99 compared to $31.55 in 2020. Total shares outstanding rose slightly to 26,243,903.
Central Securities Corporation (NYSE American: CET) released its Annual Report for the year ending December 31, 2020. The report showcases a positive growth in net assets, amounting to $1,036,336,494, an increase from $994,595,051 in 2019. The net assets per common share also rose to $39.49, up from $38.42 a year prior. Additionally, shares outstanding increased from 25,889,242 to 26,240,403. These metrics indicate a solid financial position and shareholder value enhancement over the year.