General American Investors Company Actions Taken by the Board of Directors
General American Investors Company (NYSE: GAM) announced key board decisions including a combined dividend and distribution of $4.50 per share on common stock, comprising a $4.05 distribution from capital gains and $0.45 dividend from investment income, payable December 27, 2024. The board also declared a $0.371875 dividend on preferred stock and authorized repurchase of 1M additional shares when trading at minimum 8% discount from NAV. As of October 31, 2024, the company had net assets of $1.44 billion, with NAV at $61.41 per share and closing price at $52.75.
General American Investors Company (NYSE: GAM) ha annunciato importanti decisioni del consiglio, tra cui un dividendo e una distribuzione combinati di 4,50 $ per azione su azioni ordinarie, composto da una distribuzione di 4,05 $ da plusvalenze e dividendi di 0,45 $ da reddito da investimenti, pagabile il 27 dicembre 2024. Il consiglio ha inoltre dichiarato un dividendo di 0,371875 $ su azioni privilegiate e ha autorizzato il riacquisto di 1 milione di azioni aggiuntive quando il trading avviene con uno sconto minimo dell'8% rispetto al valore patrimoniale netto (NAV). Al 31 ottobre 2024, l'azienda aveva attività nette per 1,44 miliardi di dollari, con un NAV di 61,41 $ per azione e un prezzo di chiusura di 52,75 $.
La compañía General American Investors (NYSE: GAM) anunció decisiones clave de la junta, incluyendo un dividendo y distribución combinados de $4.50 por acción en acciones ordinarias, que consta de una distribución de $4.05 de ganancias de capital y $0.45 de dividendo de ingresos por inversiones, pagadero el 27 de diciembre de 2024. La junta también declaró un dividendo de $0.371875 en acciones preferentes y autorizó la recompra de 1 millón de acciones adicionales cuando el comercio se realice con un descuento mínimo del 8% respecto al NAV. Hasta el 31 de octubre de 2024, la compañía tenía activos netos de $1.44 mil millones, con un NAV de $61.41 por acción y un precio de cierre de $52.75.
General American Investors Company (NYSE: GAM)는 이사회 주요 결정을 발표했으며, 여기에는 보통주에 대해 주당 $4.50의 배당금 및 분배가 포함됩니다. 이는 자본 이익으로부터의 $4.05 분배와 투자 소득으로부터의 $0.45 배당으로 구성되며, 2024년 12월 27일에 지급될 예정입니다. 이사회는 또한 우선주에 대해 $0.371875의 배당금을 선언하고 NAV에서 최소 8% 할인된 가격으로 거래할 경우 추가로 100만 주를 재매입하도록 승인했습니다. 2024년 10월 31일 기준, 회사는 순자산이 14억 4천만 달러이며, NAV는 주당 $61.41, 종가 $52.75입니다.
La General American Investors Company (NYSE: GAM) a annoncé des décisions clés du conseil d'administration, y compris un dividende et une distribution combinés de 4,50 $ par action sur les actions ordinaires, comprenant une distribution de 4,05 $ provenant des plus-values et un dividende de 0,45 $ provenant des revenus d'investissement, payable le 27 décembre 2024. Le conseil a également déclaré un dividende de 0,371875 $ sur les actions privilégiées et a autorisé le rachat de 1 million d'actions supplémentaires lorsque le trading se fait avec un minimum de 8 % de remise par rapport à la valeur liquidative (NAV). Au 31 octobre 2024, la société avait des actifs nets de 1,44 milliard de dollars, avec une NAV de 61,41 $ par action et un prix de clôture de 52,75 $.
Die General American Investors Company (NYSE: GAM) gab wesentliche Beschlüsse des Vorstands bekannt, darunter eine kombinierte Dividende und Ausschüttung von 4,50 $ pro Aktie für Stammaktien, die sich aus einem Ausschüttungsanteil von 4,05 $ aus Kapitalgewinnen und 0,45 $ Dividende aus Investitionseinkommen zusammensetzt, zahlbar am 27. Dezember 2024. Der Vorstand erklärte auch eine Dividende von 0,371875 $ auf Vorzugsaktien und genehmigte den Rückkauf von 1 Million zusätzlichen Aktien, wenn der Handel mit einem Mindestabstand von 8 % vom NAV erfolgt. Zum 31. Oktober 2024 hatte das Unternehmen netto Vermögenswerte von 1,44 Milliarden $ mit einem NAV von 61,41 $ pro Aktie und einem Schlusskurs von 52,75 $.
- Substantial dividend distribution of $4.50 per share to common stockholders
- Strong net assets of $1.44 billion
- Continuation of share repurchase program at favorable 8% discount threshold
- Historical success in share repurchases with 33.2M shares bought at 14.2% average discount
- Trading at significant discount to NAV ($52.75 vs $61.41)
- Large preferred stock obligation with $190M aggregate liquidation value
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A distribution of
$4.05 -
A dividend of
$0.45
Determination as to taxability will be provided in January 2025. Both amounts are payable on December 27, 2024 to stockholders of record on November 18, 2024, and are to be included in stockholders’ Federal income tax returns for 2024. Holders of common stock will receive the dividend and distribution under one of two options:
-
Receive additional full and fractional shares of the Company’s common stock for the combined total dividend and distribution of
$4.50 - Elect to receive cash for the dividend and distribution.
The Board of Directors declared on its
The Board of Directors also authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least
General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. As of October 31, 2024, the Company had net assets of approximately
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Eugene S. Stark
Vice-President, Administration
(212) 916-8447
Source: General American Investors Company, Inc.
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