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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.
The Board of Directors of General American Investors Company (GAM) has declared a dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B. The dividend is payable in cash on June 24, 2022, to shareholders of record as of June 7, 2022. This quarterly distribution covers the accrual period from March 24, 2022, to June 23, 2022. Founded in 1927 and publicly traded since 1930, GAM aims for long-term capital appreciation with net assets of approximately $1.2 billion.
General American Investors Company (GAM) filed its Certified Shareholder Report (Form N-CSR) with the SEC for the year ending December 31, 2021. Key figures include net assets of $1.28 billion and a per share value of $52.59, significantly up from $44.00 in 2020. Net investment income dropped to $562,688 ($0.02/share) from $3.13 million ($0.13/share). The company reported a net gain on investments of $293 million ($12.14/share), up from $73.8 million in 2020. In 2021, GAM repurchased 980,510 shares and aims for long-term capital growth through investments in high-potential companies.
The Board of Directors of General American Investors (NYSE:GAM) declared a $0.50 spill-over capital gain distribution per share from long-term profits for the period from
General American Investors Company (NYSE: GAM) announced a year-end dividend of $3.05 per share, payable on December 30, 2021. The shares will be issued at $42.70, below the net asset value of $50.86. This dividend consists of $2.70 from long-term capital gains and $0.35 from undistributed net investment income. The company has net assets of approximately $1.2 billion as of November 30, 2021, and aims for long-term capital appreciation through strategic investments.
The Board of Directors of General American Investors has renewed its authorization for the repurchase of 604,687 shares of 5.95% Cumulative Preferred Stock, Series B. This program allows repurchases when shares trade below the liquidation preference of
The Board of Directors of General American Investors Company (NYSE: GAM) declared a combined dividend and distribution of
General American Investors Company (NYSE:GAM) reported net assets of
General American Investors Company, a closed-end fund traded on NYSE under the symbol GAM, submitted its Certified Shareholder Report for the six months ending June 30, 2021. The net assets applicable to common stock increased to $1.23 billion from $949 million year-over-year. The net assets per common share grew to $50.76, up from $38.51. However, net investment income dropped to $769,204 compared to $3.59 million for the previous year. The report indicates the value of net gain on investments at $172.29 million.
The Board of Directors of General American Investors Company (NYSE symbol – GAM) has declared a quarterly dividend of $0.371875 per share on its 5.95% cumulative preferred stock, Series B, payable on September 24, 2021, to shareholders of record as of September 7, 2021. Additionally, the company authorized a repurchase of 2 million outstanding shares of common stock when trading at a discount of at least 8% from the net asset value, continuing a program initiated in 1995. As of June 30, 2021, General American Investors has total net assets of approximately $1.2 million.
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