Central Securities Co. (CET) To Go Ex-Dividend on November 14th

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

Central Securities Trading Up 0.1%

Shares of CET traded up $0.07 during midday trading on Wednesday, hitting $51.80. The company’s stock had a trading volume of 18,226 shares, compared to its average volume of 27,422. The company’s fifty day simple moving average is $51.04 and its two-hundred day simple moving average is $48.83. Central Securities has a one year low of $40.24 and a one year high of $52.44.

Hedge Funds Weigh In On Central Securities

A number of large investors have recently modified their holdings of CET. PNC Financial Services Group Inc. bought a new position in shares of Central Securities during the third quarter valued at about $537,000. Vista Investment Partners II LLC bought a new position in Central Securities in the 3rd quarter valued at $203,000. Blue Bell Private Wealth Management LLC boosted its stake in Central Securities by 14.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock valued at $14,784,000 after buying an additional 37,099 shares during the period. Accel Wealth Management increased its position in shares of Central Securities by 11.8% in the third quarter. Accel Wealth Management now owns 8,363 shares of the company’s stock worth $430,000 after purchasing an additional 881 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Central Securities by 15.1% during the second quarter. Osaic Holdings Inc. now owns 10,052 shares of the company’s stock worth $481,000 after purchasing an additional 1,322 shares during the last quarter. 8.68% of the stock is currently 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.