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 (CET) is a non-diversified closed-end management investment company dedicated to the objective of long-term capital growth. With a strategic investment approach, CET primarily focuses on a broad spectrum of financial instruments, including common stocks, bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options, real estate, as well as short-term obligations of governments, banks, and corporations.
Through expert management and a commitment to identifying high-potential opportunities, Central Securities Corporation aims to deliver substantial returns to its shareholders. The company's balanced portfolio and diversified asset allocation strategy help to mitigate risks while capitalizing on market opportunities. Recent achievements include successful investments in key sectors showing strong growth potential. CET continues to explore new avenues to enhance its investment portfolio further.
Central Securities Corporation is known for its disciplined approach to investment, which involves careful analysis and selection of securities based on fundamental research. The company's experienced management team ensures that each investment decision aligns with its long-term growth objectives.
In addition to its core investment activities, CET constantly monitors market trends and economic conditions to adapt its strategies as needed. This proactive approach allows the company to remain resilient in fluctuating market conditions and to seize opportunities as they arise.
Overall, Central Securities Corporation stands out as a reliable investment option for those seeking sustained capital growth through a well-managed and diversified investment portfolio. For the latest updates and detailed information about the company's performance, events, and developments, investors can rely on ongoing news and reports provided by CET.
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.
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