Central Securities Corporation Declares Dividend

Rhea-AI Summary

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.

Positive

• Dividend of $0.20 per share increases shareholder income.
• Breakdown indicates portion as long-term capital gain, favorable for shareholders.

Negative

• None.

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			6/14/21			6/25/21

Of the $0.20 per share to be paid on June 25, 2021, $0.05 is expected to be taxable as ordinary income and $0.15 is expected to be taxable as long-term capital gain. The final tax breakdown of all amounts paid during 2021 will be available after year end.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210519005861/en/

FAQ

What is the dividend amount declared by CET?

CET declared a dividend of $0.20 per share.

When is the CET dividend payment date?

The dividend payment date is June 25, 2021.

How is the CET dividend taxed?

Of the $0.20 dividend, $0.05 is expected to be taxed as ordinary income and $0.15 as long-term capital gain.

When will the final tax details for CET's dividend be available?

Final tax details will be available after the end of the year.