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 (CET) is a non-diversified closed-end investment company focused on achieving long-term capital growth through strategic allocations in equities, fixed-income securities, and alternative assets. This dedicated news hub provides investors and financial professionals with timely updates on corporate developments, portfolio strategies, and market positioning.
Access authoritative coverage of CET's latest earnings reports, strategic investments, and regulatory filings in one centralized location. The curated news collection enables stakeholders to track the company's performance across market cycles while maintaining perspective on its core investment philosophy.
Key updates include dividend announcements, portfolio rebalancing decisions, leadership changes, and analyses of significant asset acquisitions. Each release is vetted for relevance to CET's operational framework and long-term growth objectives.
Bookmark this page for direct access to primary source materials and expert commentary on CET's market activities. Regular monitoring of these updates provides critical insights for evaluating the company's position within the closed-end fund sector.
Central Securities (NYSE American: CET) has released its Annual Report to Stockholders for the year ended December 31, 2024. The report reveals significant growth in key financial metrics compared to the previous year. Net assets per common share increased to $54.26 from $46.49, representing a 16.7% increase. Total net assets grew to $1.57 billion from $1.32 billion, while the number of shares outstanding increased to 28,935,676 from 28,387,828.
Central Securities (NYSE American: CET) has announced the reinvestment price for its upcoming distribution. The company will issue Common Stock at $47.41 per share for the $2.05 per share distribution payable on December 20, 2024. This price was calculated using the arithmetic average of the daily volume weighted average price (VWAP) for the last three trading days through December 4, 2024.
The distribution, announced on November 5, 2024, will be paid to shareholders of record as of November 15, 2024. Of the total distribution, $0.53 is expected to be taxed as ordinary income and $1.52 as long-term capital gain. The tax treatment will remain consistent whether shareholders receive the distribution in stock or cash.
Central Securities (NYSE American: CET) has released its Report to Stockholders for the nine months ended September 30, 2024. The company reported significant growth in its financial metrics year-over-year. Net assets per common share increased to $56.17 from $43.63, while total net assets grew to $1,594,454,696 from $1,218,907,463. The number of shares outstanding also increased to 28,387,828 from 27,939,274.
Central Securities (NYSE American: CET) has declared a distribution of $2.05 per share on its Common Stock, payable December 20, 2024, to stockholders of record November 15, 2024. The distribution will be paid in additional shares unless stockholders elect to receive cash by December 4, 2024. The number of additional shares will be determined by dividing the distribution amount by the Reinvestment Price, which will be the lower of Market Value or net asset value per share. Of the total distribution, $0.53 is expected to be taxable as ordinary income and $1.52 as long-term capital gain.
Central Securities (NYSE American: CET), a closed-end investment company, has released its Report to Stockholders for the six months ended June 30, 2024. The report highlights significant growth in the company's financial position compared to the previous year:
- Net assets per common share increased from $44.18 to $52.58
- Total net assets grew from $1,235,924,219 to $1,492,593,177
- Shares outstanding rose from 27,976,386 to 28,387,828
These figures demonstrate substantial year-over-year growth in both per-share value and total assets under management for Central Securities
The Board of Directors of Central Securities (NYSE American: CET) has announced a dividend for common stockholders. The declared dividend is $0.20 per share, with a record date of June 14, 2024, and a payment date of June 26, 2024.
Of this dividend, $0.08 per share will be taxable as ordinary income, while $0.12 per share will be taxable as a long-term capital gain. The final tax breakdown for all amounts paid in 2024 will be available after the year-end. For more details, visit businesswire.com.
