General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock

Rhea-AI Summary

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.

Positive

• Declared a $0.371875 dividend for preferred shareholders.
• 6.95% dividend yield reflects strong return potential.
• Company maintains robust net assets of approximately $1.1 billion.

Negative

• None.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2021 to holders of record on June 7, 2021. This quarterly dividend and distribution represents a payment for the accrual period from March 24, 2021 through June 23, 2021. Preferred shareholders will be informed in early 2022 of the taxable portions of the distribution.

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. The Company has net assets of approximately $1.1 billion applicable to its 24.4 million shares of common stock outstanding. The aggregate liquidation value of the Company’s preferred stock is $190 million. Its preferred shares (symbol GAM Pr B) are also listed on the NYSE.

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FAQ

What is the dividend amount for General American Investors Company (GAM)?

The dividend amount declared is $0.371875 per share.

When is the dividend payable for GAM preferred shares?

The dividend is payable on June 24, 2021.

What is the record date for the dividend distribution of GAM?

The record date for the dividend is June 7, 2021.

What is the frequency of the dividends for General American Investors Company?

Dividends are declared quarterly.

When will shareholders be informed about the taxable portions of the dividend?

Shareholders will be informed in early 2022.