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Central Securities Keeps Dividend at $0.20

Friday - 5/24/2013, 5:02am  ET

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.

This article was originally published as Central Securities Keeps Dividend at $0.20on Fool.com

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