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

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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.

La General American Investors Company (NYSE: GAM), una società di investimento chiusa, ha dichiarato un dividendo trimestrale di $0,371875 per azione sul suo stock preferenziale cumulativo al 5,95%, serie B. Il dividendo sarà pagabile il 24 settembre 2024, agli azionisti registrati fino al 9 settembre 2024. Questo pagamento copre il periodo di accumulo dal 24 giugno al 23 settembre 2024.

Fondata nel 1927, la GAM è quotata in borsa dalla sua nascita e presente al NYSE dal 1930. La società si concentra su apprezzamento del capitale a lungo termine attraverso investimenti in imprese ad alto potenziale di crescita. A partire dal 30 giugno 2024, GAM aveva attivi netti totali di circa $1,4 miliardi, con 23,3 milioni di azioni ordinarie in circolazione. Il valore di liquidazione aggregato delle azioni privilegiate è di $190 milioni.

La General American Investors Company (NYSE: GAM), una firma de inversión cerrada, ha declarado un dividendo trimestral de $0.371875 por acción sobre su acción preferente acumulativa del 5.95%, serie B. El dividendo se pagará el 24 de septiembre de 2024, a los accionistas registrados a partir del 9 de septiembre de 2024. Este pago cubre el período de acumulación desde el 24 de junio hasta el 23 de septiembre de 2024.

Fundada en 1927, GAM ha estado cotizando públicamente desde su inicio y está listada en la NYSE desde 1930. La compañía se enfoca en la apreciación del capital a largo plazo a través de inversiones en empresas con alto potencial de crecimiento. Al 30 de junio de 2024, GAM tenía activos netos totales de aproximadamente $1.4 mil millones, con 23.3 millones de acciones comunes en circulación. El valor de liquidación agregado de las acciones preferentes es de $190 millones.

제너럴 아메리칸 인베스터스 컴퍼니 (NYSE: GAM)는 폐쇄형 투자회사로, 5.95% 누적 우선주 B 시리즈에 대해 주당 분기 배당금으로 $0.371875를 선언했습니다. 이 배당금은 2024년 9월 24일에 지급되며, 2024년 9월 9일 기준의 주주에게 지급됩니다. 이 지급은 2024년 6월 24일부터 9월 23일까지의 누적 기간을 포함합니다.

1927년에 설립된 GAM은 설립 이래로 공개 거래되고 있으며, 1930년부터 NYSE에 상장되어 있습니다. 이 회사는 장기 자본 증가에 초점을 맞추고 있으며, 고성장 잠재력을 가진 기업에 투자하고 있습니다. 2024년 6월 30일 현재, GAM은 총 순자산 약 $14억을 보유하고 있으며, 2330만 주의 보통주가 유통 중입니다. 우선주의 총 청산 가치는 $1억 9천만입니다.

La General American Investors Company (NYSE: GAM), une société d'investissement à capital fixe, a déclaré un dividende trimestriel de $0,371875 par action sur ses actions préférentielles cumulatives à 5,95%, série B. Le dividende sera payable le 24 septembre 2024, aux actionnaires enregistrés au 9 septembre 2024. Ce versement couvre la période d'accumulation du 24 juin au 23 septembre 2024.

Fondée en 1927, GAM est cotée en bourse depuis sa création et est inscrite au NYSE depuis 1930. L'entreprise se concentre sur l'appréciation du capital à long terme à travers des investissements dans des entreprises à fort potentiel de croissance. Au 30 juin 2024, GAM avait des actifs nets totaux d'environ 1,4 milliard de dollars, avec 23,3 millions d'actions ordinaires en circulation. La valeur de liquidation totale des actions préférentielles est de 190 millions de dollars.

Die General American Investors Company (NYSE: GAM), eine geschlossene Investmentfirma, hat eine Quartalsdividende von $0,371875 pro Aktie auf ihre 5,95% kumulierten Vorzugsaktien der Serie B erklärt. Die Dividende ist am 24. September 2024 fällig für Aktionäre, die am 9. September 2024 im Aktienregister stehen. Diese Zahlung deckt den Accrual-Zeitraum vom 24. Juni bis 23. September 2024 ab.

Gegründet im Jahr 1927, ist GAM seit seiner Gründung börsennotiert und seit 1930 an der NYSE gelistet. Das Unternehmen konzentriert sich auf langfristige Kapitalwertsteigerung durch Investitionen in Unternehmen mit hohem Wachstumspotenzial. Zum 30. Juni 2024 hatte GAM Gesamtvermögen von etwa 1,4 Milliarden US-Dollar, mit 23,3 Millionen ausstehenden Stammaktien. Der aggregierte Liquidationswert der Vorzugsaktien beträgt 190 Millionen US-Dollar.

Positive
  • Consistent quarterly dividend payment to preferred shareholders
  • Long-standing presence in the market since 1927
  • Substantial net assets of $1.4 billion as of June 30, 2024
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 24, 2024 to holders of record on September 9, 2024. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2024 through September 23, 2024. Preferred shareholders will be informed in early 2025 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 total net assets of approximately $1.4 billion applicable to its 23.3 million shares of common stock outstanding as of June 30, 2024. The aggregate liquidation value of the Company’s preferred stock is $190 million (NYSE symbol – GAM Pr B).

Eugene S. Stark

Vice-President, Administration

(212) 916-8447

Source: General American Investors Company, Inc.

FAQ

What is the dividend amount for GAM's 5.95% preferred stock?

General American Investors Company (GAM) declared a quarterly dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B.

When is the dividend payable for GAM's preferred stock?

The dividend for GAM's 5.95% preferred stock is payable on September 24, 2024, to holders of record on September 9, 2024.

What are the total net assets of General American Investors Company (GAM) as of June 30, 2024?

General American Investors Company (GAM) reported total net assets of approximately $1.4 billion as of June 30, 2024.

What is the investment objective of General American Investors Company (GAM)?

The objective of General American Investors Company (GAM) is long-term capital appreciation through investment in companies with above average growth potential.

General American Investors Company, Inc.

NYSE:GAM

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1.19B
23.64M
8.54%
30.82%
0.06%
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