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General American Investors Co., Inc. - GAM STOCK NEWS

Welcome to our dedicated news page for General American Investors Co. (Ticker: GAM), a resource for investors and traders seeking the latest updates and insights on General American Investors Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect General American Investors Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of General American Investors Co.'s position in the market.

News
General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock
Rhea-AI Summary
General American Investors Company, Inc. declared a dividend and distribution on its 5.95% cumulative preferred stock, series B. The payment of $0.371875 per share will be made on June 24, 2024, to shareholders of record on June 7, 2024, covering the period from March 25, 2024, through June 23, 2024. The Company, founded in 1927, focuses on long-term capital appreciation through investments in high-growth potential companies. With approximately $1.3 billion in net assets and 23.6 million common shares outstanding, General American Investors is listed on the NYSE since 1930.
Rhea-AI Impact
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General American Investors Announces Change of Date for 2024 Annual Meeting of Stockholders
Rhea-AI Summary
General American Investors Company, Inc. announces a change in date for its 2024 Annual Meeting of Stockholders. The Meeting will now be held on April 8, 2024, instead of the previously planned date of April 24, 2024. Stockholders are encouraged to vote and submit their proxies in advance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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General American Investors Files Certified Shareholder Report for Year Ended December 31, 2023
Rhea-AI Summary
General American Investors Company, Inc. (GAM) filed its Certified Shareholder Report with the SEC, revealing financial data for 2023. The report shows an increase in Net Assets Applicable to Common Stock, Net Investment Income, and Dividends to Common Shareholders compared to 2022. The Company also repurchased shares and disclosed its top stock holdings.
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General American Investors Company Announces Action Taken by the Board of Directors
Rhea-AI Summary
General American Investors Company, Inc. has authorized the repurchase of an additional 1,000,000 outstanding shares of common stock at an 8% discount from the underlying net asset value. The company has already repurchased 32.5 million shares for $1 billion at an average discount of 14.1%. Founded in 1927, General American Investors aims for long-term capital appreciation through investment in companies with above-average growth potential. As of December 31, 2023, the company has total net assets of approximately $1.2 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
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management
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General American Investors Company Preferred Stock – Dividend/Distribution
Rhea-AI Summary
General American Investors Company, Inc. (GAM) declared a dividend and distribution of $0.371875 per share on its 5.95% cumulative preferred stock, series B, payable on March 25, 2024. The Company was founded in 1927, has total net assets of approximately $1.2 billion, and aims for long-term capital appreciation through investment in companies with above average growth potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
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dividends
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General American Investors Announces Issue Price for the 2023 Year-End Dividend and Distribution Payable on December 28, 2023
Rhea-AI Summary
General American Investors Company, Inc. (NYSE: GAM) announced the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2023 year-end dividend and distribution on its common stock. The issue price is $42.44 per share, representing the average between the high and low prices on the NYSE on December 15, 2023, which was below the net asset value of $51.24 per share on that date. The dividend and distribution of $2.65 per share is payable on December 28, 2023. The Company's objective is long-term capital appreciation through investment in companies with above average growth potential. As of November 30, 2023, the Company had net assets of approximately $1.2 billion applicable to its 23.3 million shares of common stock outstanding.
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General American Investors Company Announces: Actions Taken by the Board of Directors
Rhea-AI Summary
General American Investors Company, Inc. (GAM) renews authorization for preferred stock repurchase, with 398,447 shares already repurchased. Annual shareholder meeting set for April 24, 2024. The company aims for long-term capital appreciation through investments in high-growth potential companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
management
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General American Investors Company Declares Year-End Dividends and Distributions on Common and Preferred Stock
Rhea-AI Summary
General American Investors Company, Inc. (NYSE: GAM) has declared a combined dividend and distribution of $2.65 per share on its outstanding shares of common stock. The distribution includes $2.10 per share from net long-term capital gains and $0.55 per share from estimated undistributed net investment income for the full year 2023. The amounts are payable on December 28, 2023, to stockholders of record on November 13, 2023. Holders of common stock can choose to receive additional shares or cash. The company also declared a dividend and distribution of $0.371875 per share on its 5.95% Cumulative Preferred Stock, Series B.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
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dividends
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General American Investors Reports Net Assets as of September 30, 2023
Rhea-AI Summary
General American Investors Company, Inc. (GAM) reported net assets applicable to the Company’s common stock of $1,163,954,850 as of September 30, 2023, compared to $1,041,159,645 at December 31, 2022. Net asset value per share increased from $43.42 to $49.48. Net assets increased by $141,419,172 due to operations and a reduction of $18,623,967 from stock repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
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none
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General American Investors Files Certified Shareholder Report for Period Ended June 30, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
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Stock GAM logo
General American Investors Co., Inc.

NYSE:GAM

GAM Rankings

#2360 Ranked by Market Cap
#1362 Ranked by Stock Gains
#513 Ranked by Dividends

GAM Stock Data

1.07B
22.56M
8.43%
30%
0.01%
Investment Banking and Securities Dealing
Finance and Insurance
Link
US
New York

About GAM

general american investors co is a financial services company located in 450 lexington ave rm 3300, new york, new york, united states.