General American Investors Stock Price, News & Analysis

General American Investors Company reported net assets of $1,135,515,720 as of March 31, 2021, a rise from $1,087,971,063 at the end of 2020. This increase included $66,566,835 from operations and a $12,873,118 decrease due to share repurchases. Key financial figures show that net investment income was $35,300, contrasting with $1,523,030 a year prior, while net gain on investments was $69,359,528 compared to a loss of $262,645,053 in the previous year. The company had 24,393,364 common shares outstanding and the five largest holdings included Microsoft and Berkshire Hathaway.

The Board of Directors of General American Investors Company has declared a dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B, payable in cash on June 24, 2021.

Record date for this dividend is June 7, 2021. The payment covers the accrual period from March 24 through June 23, 2021. Shareholders will receive information on the taxable portions of the distribution in early 2022.

General American Investors Company, listed on the NYSE under the symbol GAM, filed its 2020 Certified Shareholder Report (Form N-CSR) with the SEC. The report reveals net assets applicable to common stock at $1.088 billion, representing a modest increase from $1.082 billion in 2019. However, net investment income fell to $3.13 million, down from $8.22 million in the prior year. The company reported a net gain on investments of $73.84 million, significantly lower than $288.66 million in 2019. Dividends to common stockholders increased to $60.59 million.

General American Investors Company (NYSE: GAM) has announced a spill-over capital gain distribution of $0.25 per share, sourced from long-term capital gains. This distribution will be payable on February 19, 2021 to shareholders on record as of February 8, 2021. Additionally, a dividend of $0.371875 per share will be paid on its 5.95% cumulative preferred stock on March 24, 2021, for shareholders of record on March 8, 2021. The company focuses on long-term capital appreciation and holds total net assets of approximately $1.1 billion.

The Board of Directors of General American Investors Company (NYSE: GAM) has appointed Savannah Sachs to its Board. Ms. Sachs brings extensive experience in skincare and beauty, currently serving as CEO of Tula Skincare and having held key positions at Birchbox. Chairman Spencer Davidson expressed enthusiasm for her addition, citing her managerial and operational expertise. Founded in 1927, General American Investors focuses on long-term capital appreciation and has total net assets of around $1 billion.

General American Investors Company, Inc. (NYSE: GAM) announced its 2020 year-end dividend of $2.50 per share, with payments made on December 30, 2020. Shareholders who opted for stock instead of cash will receive shares priced at $36.825 each, reflecting the average trading price on December 18, 2020. This price is below the net asset value of $43.54. The distribution includes $2.27 per share from net long-term capital gains and a dividend of $0.23 from undistributed net investment income.

The Board of Directors of General American Investors has renewed the authorization to repurchase up to 604,687 shares of its 5.95% Cumulative Preferred Stock, Series B, when trading below the liquidation preference of $25 per share. This follows the original repurchase program started in 2008, which allowed for up to 1 million shares, of which 395,313 have been repurchased. Additionally, the annual shareholder meeting is scheduled for April 28, 2021, with provisions for a virtual meeting if necessary due to public health concerns.

General American Investors Company (GAM) has declared a combined dividend and distribution of $2.50 per share for its common stock. This includes $2.27 from net long-term capital gains and a $0.23 dividend from undistributed net investment income for 2020. Payments are to be made on December 30, 2020, to shareholders of record as of November 16, 2020. Preferred shareholders will also receive a dividend of $0.371875 per share, payable in cash on December 24, 2020. The net asset value of the common stock is reported at $40.11 per share against a closing price of $32.89.

General American Investors Company reported net assets of $1,005,450,799 as of September 30, 2020, down from $1,081,697,614 at December 31, 2019. The decrease included $64,924,973 from operations and $11,321,842 for repurchased shares. Net asset value per share fell to $41.16 from $43.70. Investment income for the period was $3,928,010 or $0.16 per share. A net loss on investments of ($60,369,004) or ($2.35) per share was reported, alongside consistent dividends totaling $8,483,979.