Welcome to our dedicated page for General American Investors news (Ticker: GAM), a resource for investors and traders seeking the latest updates and insights on General American Investors stock.
General American Investors (GAM) delivers focused growth through disciplined equity investments. This news hub provides investors with essential updates and analysis on this closed-end fund's strategic decisions and market positioning.
Access real-time announcements including quarterly earnings reports, portfolio adjustments, and leadership updates. Our curated feed combines press releases with market commentary to contextualize GAM's pursuit of capital appreciation through growth stocks.
Key coverage areas include:
- Financial performance updates and NAV changes
- Strategic portfolio rebalancing decisions
- Executive leadership developments
- Market analysis impacting growth equity positions
Bookmark this page for streamlined access to GAM's evolving investment strategy and regulatory disclosures. Verify time-sensitive data through official SEC filings when making financial decisions.
General American Investors Company (NYSE: GAM), a closed-end investment firm, has declared a quarterly dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B. The dividend is payable on September 24, 2024, to shareholders of record as of September 9, 2024. This payment covers the accrual period from June 24 to September 23, 2024.
Founded in 1927, GAM has been publicly traded since inception and NYSE-listed since 1930. The company focuses on long-term capital appreciation through investments in high-growth potential companies. As of June 30, 2024, GAM had total net assets of approximately $1.4 billion, with 23.3 million common shares outstanding. The aggregate liquidation value of the preferred stock is $190 million.
General American Investors Company, a closed-end investment company listed on the NYSE as GAM, reported net assets applicable to common stock of $1.35 billion as of March 31, 2024, showing an increase from the previous quarter. The company's quarterly report highlighted key financial metrics such as net investment income, net gain/loss on investments, and dividend distributions. Additionally, the report disclosed the top five stock holdings in the company's portfolio, including Microsoft, Republic Services, Berkshire Hathaway, Alphabet, and ASML Holding.
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