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NEW YORK - Central Securities Corporation (NYSE American: CET), a closed-end investment company with a market capitalization of $1.35 billion, has announced a dividend for its common stock shareholders. A payment of $0.25 per share is set to be distributed on June 27, 2025. Shareholders must be on record by June 17, 2025, to be eligible for the dividend. According to InvestingPro, the company maintains an impressive 8.78% dividend yield and has maintained dividend payments for 52 consecutive years.
The upcoming dividend consists of two components for tax purposes: $0.04 per share will be taxable as ordinary income, while $0.21 per share will be recognized as taxable long-term capital gain. The company will provide a detailed tax breakdown of all dividends paid in 2025 after the end of the year.
Central Securities Corporation is known for providing its investors with a range of investment opportunities, focusing on long-term capital growth and income. This dividend declaration is a part of the company’s commitment to delivering value to its shareholders.
Investors and shareholders are advised that this information is based on a press release statement from Central Securities Corporation. The final tax details will be confirmed and made available to shareholders at the conclusion of the fiscal year.
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