General American Investors Stock Price, News & Analysis

The Board of Directors of General American Investors Company (GAM) has declared a dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B. The dividend is payable in cash on June 24, 2022, to shareholders of record as of June 7, 2022. This quarterly distribution covers the accrual period from March 24, 2022, to June 23, 2022. Founded in 1927 and publicly traded since 1930, GAM aims for long-term capital appreciation with net assets of approximately $1.2 billion.

General American Investors Company (GAM) filed its Certified Shareholder Report (Form N-CSR) with the SEC for the year ending December 31, 2021. Key figures include net assets of $1.28 billion and a per share value of $52.59, significantly up from $44.00 in 2020. Net investment income dropped to $562,688 ($0.02/share) from $3.13 million ($0.13/share). The company reported a net gain on investments of $293 million ($12.14/share), up from $73.8 million in 2020. In 2021, GAM repurchased 980,510 shares and aims for long-term capital growth through investments in high-potential companies.

The Board of Directors of General American Investors (NYSE:GAM) declared a $0.50 spill-over capital gain distribution per share from long-term profits for the period from November 1, 2021 to December 31, 2021. This taxable dividend is payable in cash on February 18, 2022 to stockholders of record on February 7, 2022. Additionally, a dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B, is declared, payable on March 24, 2022 to record holders on March 7, 2022.

General American Investors Company (NYSE: GAM) announced a year-end dividend of $3.05 per share, payable on December 30, 2021. The shares will be issued at $42.70, below the net asset value of $50.86. This dividend consists of $2.70 from long-term capital gains and $0.35 from undistributed net investment income. The company has net assets of approximately $1.2 billion as of November 30, 2021, and aims for long-term capital appreciation through strategic investments.

The Board of Directors of General American Investors has renewed its authorization for the repurchase of 604,687 shares of 5.95% Cumulative Preferred Stock, Series B. This program allows repurchases when shares trade below the liquidation preference of $25 per share. Since the initial authorization in 2008, 395,313 shares have been repurchased. Additionally, the annual shareholder meeting is scheduled for April 20, 2022, with options for virtual attendance due to health concerns, ensuring compliance with regulations.

The Board of Directors of General American Investors Company (NYSE: GAM) declared a combined dividend and distribution of $3.05 per share, consisting of $2.70 from net long-term capital gains and $0.35 from undistributed net investment income. These payments are scheduled for December 30, 2021, to shareholders on record as of November 15, 2021. Additionally, a dividend of $0.371875 per share for Cumulative Preferred Stock, Series B will be paid on December 24, 2021.

General American Investors Company (NYSE:GAM) reported net assets of $1,210,235,496 as of September 30, 2021, up from $1,087,971,063 at year-end 2020. The increase includes $162,008,798 from operations, offset by $33,595,305 for repurchased shares. The net asset value per share rose to $50.61, compared to $44.00 at the end of 2020. Notably, net investment income fell significantly to $687,633 from $3,928,010, and the company reported a net gain on investments of $169,805,144.

General American Investors Company, a closed-end fund traded on NYSE under the symbol GAM, submitted its Certified Shareholder Report for the six months ending June 30, 2021. The net assets applicable to common stock increased to $1.23 billion from $949 million year-over-year. The net assets per common share grew to $50.76, up from $38.51. However, net investment income dropped to $769,204 compared to $3.59 million for the previous year. The report indicates the value of net gain on investments at $172.29 million.