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General American Investors Company, Inc. (GAM), located at 450 Lexington Ave Rm 3300, New York, New York, is a prominent financial services firm specializing in diversified management investment. As a closed-end company, it aims for long-term capital appreciation by investing in companies with substantial growth potential. The firm primarily focuses on equity securities that are expected to grow at reasonable valuations.
With a robust investment strategy, General American Investors Company, Inc. has consistently identified opportunities in the market, securing assets that promise notable returns. The company's portfolio is diversified across various sectors, emphasizing strong financial health and sound business practices.
Recent achievements include strategic partnerships and successful investments in high-potential companies, further enhancing the overall portfolio performance. The company is dedicated to providing shareholders with continuous growth and value.
General American Investors Company, Inc. regularly updates its stakeholders with the latest news and developments, ensuring transparency and informed decision-making. Committed to excellence, the company remains a reliable choice for investors seeking steady growth and capital appreciation.
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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.
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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.
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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.
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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.
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General American Investors Company, Inc. (GAM) renews authorization for preferred stock repurchase, with 398,447 shares already repurchased. Annual shareholder meeting set for April 24, 2024. The company aims for long-term capital appreciation through investments in high-growth potential companies.
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General American Investors Company, Inc. (NYSE: GAM) has declared a combined dividend and distribution of $2.65 per share on its outstanding shares of common stock. The distribution includes $2.10 per share from net long-term capital gains and $0.55 per share from estimated undistributed net investment income for the full year 2023. The amounts are payable on December 28, 2023, to stockholders of record on November 13, 2023. Holders of common stock can choose to receive additional shares or cash. The company also declared a dividend and distribution of $0.371875 per share on its 5.95% Cumulative Preferred Stock, Series B.
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General American Investors Company, Inc. (GAM) reported net assets applicable to the Company’s common stock of $1,163,954,850 as of September 30, 2023, compared to $1,041,159,645 at December 31, 2022. Net asset value per share increased from $43.42 to $49.48. Net assets increased by $141,419,172 due to operations and a reduction of $18,623,967 from stock repurchases.
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FAQ
What is the current stock price of General American Investors (GAM)?
The current stock price of General American Investors (GAM) is $50.89 as of February 28, 2025.
What is the market cap of General American Investors (GAM)?
The market cap of General American Investors (GAM) is approximately 1.2B.
What is the primary objective of General American Investors Company, Inc.?
The primary objective is long-term capital appreciation through investment in companies with above-average growth potential.
Where is General American Investors Company, Inc. located?
The company is located at 450 Lexington Ave Rm 3300, New York, New York, United States.
What type of company is General American Investors Company, Inc.?
It is a closed-end, diversified management investment company.
What does General American Investors Company, Inc. focus on?
It focuses on equity securities with growth potential at reasonable valuations.
How does General American Investors Company, Inc. ensure growth for its investors?
By strategically investing in companies with substantial growth potential and maintaining a diversified portfolio across various sectors.
What are the recent achievements of General American Investors Company, Inc.?
Recent achievements include strategic partnerships and successful investments in high-potential companies.
How does General American Investors Company, Inc. keep its stakeholders informed?
The company regularly updates its stakeholders with the latest news and developments.
What makes General American Investors Company, Inc. a reliable choice for investors?
Its commitment to steady growth, capital appreciation, and transparency makes it a reliable choice.
What sectors does General American Investors Company, Inc. invest in?
The company invests across various sectors, focusing on strong financial health and sound business practices.
What is the ticker symbol for General American Investors Company, Inc.?
The ticker symbol is GAM.
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