Central Securities Corporation
CETFinancial Services · Stock · semiannual payer
Forward Yield
4.97%
Annual Dividend
$2.76
Payout Ratio
37%
5-Yr Growth
26.0%
Ex-Date
Jun 12, 2026
Frequency
Semiannual
Summary
As of September 2026, Central Securities Corporation (CET) yields 4.97% ($2.76 per share annually), with a blended fair-value estimate of $59.43 — +7% upside, so it screens as fairly valued. Dividend safety grade: B (74/100). 2 years of dividend growth.
Is CET a good dividend stock?
Yes, with caveatsCentral Securities Corporation (CET) pays a semiannual dividend yielding 4.97% ($2.76/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (37%)
- Strong 26.0% 5-yr dividend growth
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 4.97%
- Payout Ratio
- 37%
- Annual Dividend
- $2.76
- 5-Yr Avg Growth
- 26.0%
- Ex-Dividend Date
- Jun 12, 2026
- Years of Growth
- 2
- Frequency
- semiannual
- Beta
- 0.74
- Market Cap
- $1.6B
- P/E Ratio
- 7.4
- 5-Yr Total Return
- 27%
- 52-Week Range
- $47.82 – $56.23
- Dividend Safety
- B · 74/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
CET Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+58%
5 Years
+27%
52-Week Range
$47.82 – $56.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CET worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Central Securities Corporation is $59.43 per share, versus a market price of $55.53. That implies the stock is roughly fairly priced.
Fair Value
$59.43
Current Price
$55.53
Gap
+7%
Margin of Safety
7%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 4.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 4.6% stage-1 growth, 2.5% terminal growth, $7.46 EPS, $2.76 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CET Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 12, 2026 | — | $0.3100 | regular |
| Nov 14, 2025 | — | $2.4500 | regular |
| Jun 17, 2025 | — | $0.2500 | regular |
| Nov 15, 2024 | — | $2.0500 | regular |
| Jun 14, 2024 | — | $0.2000 | regular |
| Nov 10, 2023 | — | $1.6500 | regular |
| Jun 9, 2023 | — | $0.2000 | regular |
| Nov 10, 2022 | — | $2.2500 | regular |
| Jun 10, 2022 | — | $0.2000 | regular |
| Nov 12, 2021 | — | $3.5500 | regular |
| Jun 11, 2021 | — | $0.2000 | regular |
| Nov 13, 2020 | — | $0.6500 | regular |
| Jun 12, 2020 | — | $0.2000 | regular |
| Nov 15, 2019 | — | $0.3700 | regular |
Income Calculator
At $2.76 / yr per share
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