Central Securities Corporation Declares Dividend

Rhea-AI Summary

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.

Positive

• Declared dividend of $0.20 per share for common stockholders.
• Payment date set for June 26, 2024, providing clarity for investors.
• Portion of the dividend ($0.12) taxable as long-term capital gain, potentially favorable for tax purposes.

Negative

• $0.08 of the $0.20 dividend per share will be taxable as ordinary income, which may increase tax liability for shareholders.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Central Securities Corporation (NYSE American: CET), a closed-end investment company, today declared the following dividend:

		Record	Payment
Class of Stock	Rate	Date	Date
Common Stock	$0.20	6/14/24	6/26/24

Of the $0.20 per share to be paid on June 26, 2024, $0.08 is expected to be taxable as ordinary income and $0.12 is expected to be taxable as long-term capital gain. The final tax breakdown of all amounts paid during 2024 will be available after year end.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522533152/en/

Central Securities Corporation

Marlene A. Krumholz, Secretary

212-698-2020

Source: Central Securities Corporation

FAQ

What is the dividend declared by Central Securities (CET) for 2024?

Central Securities (CET) has declared a dividend of $0.20 per share.

When is the record date for CET's 2024 dividend?

The record date for CET's 2024 dividend is June 14, 2024.

When will CET pay the declared dividend in 2024?

CET will pay the declared dividend on June 26, 2024.

How is the dividend of CET for 2024 taxed?

For CET's 2024 dividend, $0.08 per share is taxable as ordinary income and $0.12 per share is taxable as long-term capital gain.

What will be the total dividend amount paid by CET in 2024?

Central Securities (CET) has declared a total dividend of $0.20 per share for 2024.