SHARE

Shares of Central Securities Corp. (NYSEMKT:CET) ended Friday session in green amid volatile trading. The shares closed up +0.05 points or 0.24% at $21.02 with 22,271 shares getting traded. Post opening the session at $21.06, the shares hit an intraday low of $20.89 and an intraday high of $21.10 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $518.32 million and the number of outstanding shares have been calculated to be 24.51 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at 0.76%, resulting in a performance for the month at 1.98%. Therefore, the stated figure displays a quarterly performance of 1.30% and an annual performance of 7.76%.traded up 0.24% on 18 November, 2016 hitting $21.02.

EPS (Earning Per Share )

The EPS of CET is strolling at 0.60, measuring its EPS growth this year at -156.70%. Company’s EPS for the past five years is valued at -16.50%.

P/E-P/S-P/B-P/C-P/FCF

CET P/E ratio is measuring at 35.05. As of now, Central Securities Corp. has a P/S value of 56.48, measuring P/B at 0.87. Its P/Cash is valued at 69.46 and P/FCF is at 23.36.

Beta/ATR/Volatility

Beta factor is stands at 0.82 and Avg. true range is 0.24. Historically, the volatility of this stock is about 0.84% a week and 1.04% a month.

Central Securities Corp. (CET) declared a distribution of $0.78 per share on its Common Stock.

The dividend is payable December 21, 2016 to stockholders. The distribution will be paid in additional shares of stock unless stockholders elect to receive the distribution in cash. The cut-off date for election of cash is December 1, 2016 (the “Cut-Off Date”).

The number of additional shares to which a stockholder will be entitled if he receives the distribution in stock will be computed as follows:

The number of shares held of record on November 14, 2016 will be multiplied by $0.78. This amount will be divided by the Reinvestment Price to determine the number of shares to be received. The Reinvestment Price will be the lower of the market value (as defined below) or the net asset value per share on the Cut-Off Date. Cash will be paid in lieu of fractional shares.

The market value will be the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation’s Common Stock for each trading day during the three-day period ending on, and counting, the Cut-Off Date, rounded to two decimal places.

Of the $0.78 per share to be paid, $0.26 will be taxable as ordinary income (counting $0.10 from short-term capital gain) and $0.52 will be taxable as long-term capital gain. Tax treatment will be the same whether the distribution is received in stock or cash. The final tax breakdown of all amounts paid during 2016 will be available after year end.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here