Central Securities Co. (NYSE:CET) Plans $0.25 Quarterly Dividend

Central Securities Co. (NYSE:CET - Get Free Report) announced a quarterly dividend on Wednesday, June 4th, RTT News reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.25 per share on Friday, June 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, June 17th.

Central Securities has decreased its dividend by an average of 41.3% annually over the last three years.

Central Securities Stock Up 0.7%

Shares of NYSE:CET traded up $0.31 on Friday, reaching $47.44. 18,107 shares of the company's stock were exchanged, compared to its average volume of 28,674. The business's 50-day moving average is $44.59 and its two-hundred day moving average is $45.80. Central Securities has a fifty-two week low of $40.24 and a fifty-two week high of $49.51.

Hedge Funds Weigh In On Central Securities

A hedge fund recently raised its stake in Central Securities stock. Royal Bank of Canada increased its stake in Central Securities Co. (NYSE:CET - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,549 shares of the company's stock after purchasing an additional 2,521 shares during the period. Royal Bank of Canada owned 0.23% of Central Securities worth $2,993,000 at the end of the most recent reporting period. 8.68% of the stock is owned by institutional investors.

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.