Central Securities Corp
Central Securities Corp is a non-diversified, closed-end investment management company. Its primary goal is to achieve long-term capital growth, with income generation being a secondary focus. The company invests mainly in a concentrated portfolio of equity securities, meaning it holds shares in a limited number of companies for the long term. This approach allows it to be selective, potentially selling securities if they become overvalued or if more promising opportunities arise elsewhere. While it invests across various sectors like technology, healthcare, and finance, its non-diversified nature means its performance can be heavily influenced by the success of a smaller number of holdings. An investment in CET provides exposure to its managed portfolio of stocks. As with any investment, the value can go down as well as up, and returns are not guaranteed.
Stock Performance Snapshot
Financial Health
Central Securities Corp shows moderate profitability and cash generation, with steady revenue growth.
Dividend
Central Securities Corp offers an above-average dividend yield of 5.19%, making it appealing for dividend-seeking investors. If you invested $1000 you would be paid $52.90 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
A Focus on Long-Term Growth
The fund's primary objective is seeking capital growth over the long term, which may align with the goals of investors with a similar time horizon.
A Portfolio in One Stock
As a closed-end fund, CET offers exposure to a managed portfolio of different companies, providing a degree of diversification in a single transaction, though the fund itself is concentrated.
Potential for Income
While growth is the main aim, the company has a history of distributing income to shareholders. Remember, these payments are not guaranteed and can fluctuate.
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