Central Securities Corporation:CET

    Manage Alerts

    Overview

    As of 12/2/2024. NAV as of 11/29/2024.

     Share
    Price    		NAVPremium/
    Discount
    Current$47.39$57.13-17.05%
    52 Wk Avg$42.29$51.53-17.98%
    52 Wk High$49.51$58.34-13.47%
    52 Wk Low$36.32$45.25-20.96%
    Regular Distribution Type†Income Only
    Distribution Rate8.65%
    Distribution Amount$2.0500
    Distribution FrequencySemi-Annually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Corporation’s investment objective is long-term growth of capital. Income received from investments is a secondary consideration. The Corporation invests primarily in equity securities that it believes are undervalued at the time of purchase and have the potential for growth. It is Central’s goal to own companies that it believes will generate superior returns when compared with the broad market and preserve the Corporation’s capital in an inflationary environment.

    Capital Structure

    As of 12/2/2024

    Total Investment Exposure:$1,621.797M
    Total Common Assets:$1,621.797M
    Common Shares Outstanding:28,387,828
    Leverage

    As of 6/30/2011

    Preferred Share Assets:
    Total Debt (USD): $2.000M
    Regulatory Leverage (USD): $2.000M
    Effective Leverage (USD): $2.000M
    Effective Leverage (%): 0.32%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management FeesN/A
    Other Expenses:0.56%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 0.56%
    Fund Management

    Fund Sponsor
    Central Securities Corp

    Portfolio Managers
    Wilmot H. Kidd, John C. Hill, Andrew J O’Neill

    Basics
    Category: Equity-U.S. Equity
    Ticker: CET
    NAV Ticker: XCETX
    Average Daily Volume (shares): 31,460
    Average Daily Volume (USD): $1.317M
    Inception Date: 7/28/1980
    Inception Share Price: $10.00
    Inception NAV: $0.00
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 12/2/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 6/30/2024    		 $0.3445
    Annualized Distribution Rate on NAV:
    As of 12/2/2024    		7.18%
    Total Return on NAV (12 months):
    As of 12/2/2024    		32.08%
    Total % Portfolio Effectively Leveraged:
    As of 12/2/2024     		0.32%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/3/2024

    PeriodAvg Discount
    6 Month-17.11%
    1 Year-17.98%
    3 Year-16.38%
    5 Year-16.58%
    Z-Score

    As of 12/2/2024

    PeriodZStat
    3 Month0.24
    6 Month0.05
    1 Year0.70
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2024
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD30.37%27.93%25.84%21.06%
    202319.10%19.81%15.59%17.84%
    2022-19.86%-12.25%-20.28%-16.72%
    202148.88%33.10%31.33%22.95%
    20204.38%7.61%8.80%9.76%
    201939.06%32.66%32.25%27.32%
    2018-4.42%-4.46%-11.89%-10.13%
    201730.57%25.01%22.72%19.06%
    201620.09%19.85%13.79%12.38%
    2015-4.46%-2.59%-7.45%-6.29%
    20149.27%4.37%24.05%7.38%
    201328.05%24.84%37.23%30.01%
    20122.42%2.17%16.19%14.79%
    2011-2.45%-0.52%  
    201027.65%21.00%  
    200929.66%29.41%  
    2008-38.17%-33.56%  
    20079.92%8.32%  
    200621.85%17.08%  
    200513.06%12.37%  
    200415.90%14.32%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2024
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2024    		32
    Annual Portfolio Turnover:
    As of 12/31/2023    		4.10%
    Asset Allocation

    As of 6/30/2024

    Top Sectors

    As of 6/30/2024

    Sector%Portfolio
    Sensitive (Super Sector)37.30%
    Cyclical (Super Sector)28.44%
    Financial Services21.72%
    Technology21.29%
    Communication Services9.04%
    Consumer Cyclical4.43%
    Industrials4.20%
    Government (Super Sector)4.09%
    Government4.09%
    Defensive (Super Sector)3.24%
    Top Holdings

    As of 6/30/2024

    HoldingValue% Portfolio
    Plymouth Rock Co$360.98M24.64%
    Analog Devices Inc$91.30M6.23%
    Progressive Corp$89.32M6.10%
    Alphabet Inc Class A$81.97M5.60%
    Motorola Solutions Inc$57.91M3.95%
    Charles Schwab Corp$51.58M3.52%
    Meta Platforms Inc Class A$50.42M3.44%
    American Express Co$46.31M3.16%
    Amazon.com Inc$43.48M2.97%
    Capital One Financial Corp$41.54M2.84%
    Credit Quality

    As of 6/30/2024

    Country Allocation

    As of 6/30/2024

    Country% Portfolio
    United States - Equity90.61%
    United Kingdom - Equity1.55%
    Brazil - Equity1.46%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

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