GAMCO Board Declares Special Dividend of $0.90 Per Share
GAMCO Investors, Inc. (NYSE: GBL) has announced a special dividend of $0.90 per share for both Class A and Class B shareholders. The dividend is set to be paid on December 15, 2020, to shareholders on record as of December 4, 2020. This distribution highlights the company's commitment to returning value to its investors. GAMCO is renowned for its research-driven equity investment strategies, operating through subsidiaries that manage a diverse range of funds and accounts.
- Special dividend of $0.90 per share indicating confidence in financial stability.
- No concrete financial performance metrics provided in the announcement.
GREENWICH, Conn.--(BUSINESS WIRE)--GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that its Board of Directors approved a special dividend of
About GAMCO Investors, Inc.
GAMCO is known for its research-driven approach to equity investing. GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,500 institutional and private wealth separate accounts, principally in the U.S.) and Gabelli Funds, LLC (24 open-end funds, a SICAV, and 16 closed-end funds). GAMCO serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.
GAMCO offers a wide range of solutions across Value and Growth Equity, ESG-SRI, Convertibles, sector-focused strategies including Gold and Utilities, Merger Arbitrage, and Fixed Income. In 1977, GAMCO launched its flagship All Cap Value strategy, Gabelli Value, and in 1986 launched its mutual fund business. In addition to its Value strategies, for over 30 years the firm has managed solutions in Growth and Global Growth Equity, Convertibles, SRI, and Merger Arbitrage.
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