Central Securities Keeps Dividend at $0.20

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Closed-end investment shop Central Securities  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.

The article Central Securities Keeps Dividend at $0.20 originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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