General American Investors Company, Inc. - GAM STOCK NEWS

General American Investors Company (NYSE: GAM) has filed its Certified Shareholder Report for the six-month period ended June 30, 2024, with the SEC. The report reveals significant growth in the company's financial position compared to the same period in 2023:

- Net Assets Applicable to Common Stock increased to $1,402,088,131 from $1,200,083,087
- Net Assets Per Common Share rose to $60.14 from $50.48
- Net Gain on Investments grew to $188,287,805 from $166,692,175

The company's largest stock holdings as of June 30, 2024, include Microsoft, Republic Services, Alphabet, ASML Holding, and Berkshire Hathaway. The Semi-Annual Report is available on the SEC's website and the company's website, and will be mailed to stockholders soon.

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.

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.

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.

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.

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.

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.

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.