Central Securities Co. (NYSE:CET) Announces $2.45 Dividend

Central Securities Co. (NYSE:CET) declared a dividend on Tuesday, November 4th. Investors of record on Friday, November 14th will be given a dividend of 2.45 per share on Friday, December 19th. This represents a dividend yield of 965.0%. The ex-dividend date is Friday, November 14th.

Central Securities Stock Performance

Shares of CET traded up $0.35 on Wednesday, reaching $51.12. The company’s stock had a trading volume of 10,251 shares, compared to its average volume of 26,664. The stock’s 50 day simple moving average is $50.90 and its two-hundred day simple moving average is $48.54. Central Securities has a 12-month low of $40.24 and a 12-month high of $52.42.

Hedge Funds Weigh In On Central Securities

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC increased its position in Central Securities by 254.7% in the first quarter. Wolverine Asset Management LLC now owns 79,881 shares of the company’s stock worth $3,591,000 after purchasing an additional 57,358 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Central Securities by 14.8% in the third quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock worth $14,784,000 after purchasing an additional 37,099 shares during the last quarter. Shaker Financial Services LLC increased its position in Central Securities by 17.1% in the second quarter. Shaker Financial Services LLC now owns 211,722 shares of the company’s stock worth $10,133,000 after purchasing an additional 30,909 shares during the last quarter. Brasada Capital Management LP bought a new stake in Central Securities in the first quarter worth $779,000. Finally, Park Avenue Securities LLC bought a new stake in Central Securities in the second quarter worth $283,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

About Central Securities

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.