Central Securities Keeps Dividend at $0.20

Closed-end investment company has paid dividends every year since 1955.

By Rich Duprey – May 23, 2013 at 11:02PM EST

Closed-end investment shop Central Securities (CET +1.38%) announced yesterday its dividend dividend of $0.20 per share.

The board of directors said the quarterly dividend is payable on June 25. Central Securities typically makes two payments each year, with a cash payment at mid-year, and a distribution consisting primarily of realized capital gains paid at year end. The closed-end investment company has paid dividends every year since 1955.

The regular dividend payment equates to a $0.40-per-share annual dividend, yielding 1.9% based on the closing price of Central Securities' stock on May 22.

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Central Securities Keeps Dividend at $0.20

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