Central Securities Corporation

NYSEAM:CET Stock Report

Market Cap: US$1.2b

Central Securities Dividend

Dividend criteria checks 2/6

Central Securities is a dividend paying company with a current yield of 4.29% that is well covered by earnings. Next payment date is on 26th June, 2024 with an ex-dividend date of 14th June, 2024.

Key information

4.3%

Dividend yield

23%

Payout ratio

Industry average yield2.3%
Next dividend pay date26 Jun 24
Ex dividend date14 Jun 24
Dividend per sharen/a
Earnings per shareUS$7.88
Dividend yield forecast in 3Yn/a

Recent dividend updates

Recent updates

Is Central Securities Corp. (NYSEMKT:CET) A Great Dividend Stock?

Feb 01
Is Central Securities Corp. (NYSEMKT:CET) A Great Dividend Stock?

Could The Central Securities Corp. (NYSEMKT:CET) Ownership Structure Tell Us Something Useful?

Jan 05
Could The Central Securities Corp. (NYSEMKT:CET) Ownership Structure Tell Us Something Useful?

Did You Participate In Any Of Central Securities' (NYSEMKT:CET) Fantastic 106% Return ?

Dec 10
Did You Participate In Any Of Central Securities' (NYSEMKT:CET) Fantastic 106% Return ?

Upcoming Dividend Payment

TodayMay 27 2024Ex Dividend DateJun 14 2024Dividend Pay DateJun 26 202412 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: CET's dividend payments have been volatile in the past 10 years.

Growing Dividend: CET's dividend payments have fallen over the past 10 years.


Dividend Yield vs Market

Central Securities Dividend Yield vs Market
How does CET dividend yield compare to the market?
SegmentDividend Yield
Company (CET)4.3%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.7%
Industry Average (Capital Markets)2.3%
Analyst forecast in 3 Years (CET)n/a

Notable Dividend: CET's dividend (4.29%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: CET's dividend (4.29%) is low compared to the top 25% of dividend payers in the US market (4.7%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.5%), CET's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (142.5%), CET's dividend payments are not well covered by cash flows.


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