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, scheduled for payment on June 24, 2022. Of this amount, $0.05 is anticipated to be taxable as ordinary income, while $0.15 is expected to qualify as long-term capital gain. The detailed tax breakdown will be provided at the end of the year.

Positive

• Dividend declared at $0.20 per share indicates potential income for shareholders.
• A portion of the dividend ($0.15) is classified as long-term capital gain, which may be favorable for investors.

Negative

• None.

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

6/13/22

6/24/22

Of the $0.20 per share to be paid on June 24, 2022, $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 2022 will be available after year end.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220525005976/en/

Central Securities Corporation

Marlene A. Krumholz, Secretary

212-698-2020

Source: Central Securities Corporation

FAQ

What is the dividend amount declared by CET?

Central Securities Corporation declared a dividend of $0.20 per share.

When is the CET dividend payment date?

The dividend payment date for CET is June 24, 2022.

How will the CET dividend be taxed?

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

What is the record date for CET's dividend?

The record date for the CET dividend is June 13, 2022.