Central Securities Corporation (NYSEAMERICAN:CET) Shareholders to Collect $3.00 Dividend

Central Securities Corporation (NYSEAMERICAN:CET) declared a dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be paid a dividend of $3.00 per share on Friday, December 18th. This represents a dividend yield of 1,058.0%. The ex-dividend date of this dividend is Monday, November 16th.

Central Securities Stock Performance

Shares of NYSEAMERICAN CET opened at $56.70 on Thursday. The stock’s fifty day simple moving average is $55.71 and its 200 day simple moving average is $53.25. Central Securities has a 52-week low of $47.82 and a 52-week high of $57.39.

Insider Buying and Selling at Central Securities

In related news, CEO John C. Hill purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were purchased at an average price of $56.37 per share, with a total value of $28,185.00. Following the purchase, the chief executive officer owned 78,101 shares of the company’s stock, valued at $4,402,553.37. This trade represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 9.10% of the stock is owned by company insiders.

Institutional Trading of Central Securities

Institutional investors and hedge funds have recently bought and sold shares of the stock. Formidable Asset Management LLC boosted its holdings in shares of Central Securities by 6.2% in the third quarter. Formidable Asset Management LLC now owns 11,232 shares of the company’s stock worth $589,000 after buying an additional 654 shares during the period. Principle Wealth Partners LLC purchased a new position in shares of Central Securities in the third quarter worth approximately $419,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Central Securities by 12.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 431,278 shares of the company’s stock valued at $23,940,000 after acquiring an additional 46,223 shares during the period. Shaker Financial Services LLC raised its holdings in shares of Central Securities by 195.2% during the third quarter. Shaker Financial Services LLC now owns 79,373 shares of the company’s stock valued at $4,406,000 after acquiring an additional 52,489 shares during the period. Finally, IFP Advisors Inc purchased a new stake in shares of Central Securities in the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 8.68% of the company’s stock.

About Central Securities

Central Securities Corporation (NYSE American: CET) is a diversified closed-end investment company. Rather than operating businesses or selling products directly, the company invests capital in a portfolio of securities with the objective of achieving long-term capital appreciation, while also seeking current income as a secondary objective.

The company’s portfolio may include publicly traded common stocks, convertible securities, fixed-income investments and investments in privately held companies.