Central Securities Corp. (NYSEMKT:CET) is nearing its ex-dividend date, offering a 5.7% yield with a US$1.50 per share payout. Despite the attractive yield and historical dividend growth, the company operated at a loss last year, raising concerns about the sustainability of its dividend payments. Investors are advised to monitor the company’s financial health closely due to its current unprofitability.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Central Securities Corp. (NYSEMKT:CET) Is About To Go Ex-Dividend, And It Pays A 5.7% Yield
Central Securities Corp. (NYSEMKT:CET) is nearing its ex-dividend date, offering a 5.7% yield with a US$1.50 per share payout. Despite the attractive yield and historical dividend growth, the company operated at a loss last year, raising concerns about the sustainability of its dividend payments. Investors are advised to monitor the company’s financial health closely due to its current unprofitability.