General American Investors Company, Inc. (GAM)
56.39
-0.78 (-1.36%)
NYSE · Last Trade: Aug 3rd, 10:19 AM EDT
Detailed Quote
| Previous Close | 57.17 |
|---|---|
| Open | 56.27 |
| Bid | 22.75 |
| Ask | 90.97 |
| Day's Range | 56.27 - 56.97 |
| 52 Week Range | 41.80 - 58.19 |
| Volume | 23,742 |
| Market Cap | - |
| PE Ratio (TTM) | - |
| EPS (TTM) | - |
| Dividend & Yield | 0.5000 (0.89%) |
| 1 Month Average Volume | 23,578 |
Chart
About General American Investors Company, Inc. (GAM)
General American Investors Company, Inc. is a closed-end management investment company that seeks to provide long-term capital appreciation for its shareholders. The company primarily invests in a diversified portfolio of equity securities, focusing on both established and emerging public companies. By employing a disciplined investment strategy, General American Investors aims to capitalize on market opportunities while managing risk effectively. Its operations are characterized by a commitment to actively monitoring market trends and making informed decisions to maximize returns for its investors. Read More
News & Press Releases
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2025. The Form N-CSR contains the Company’s June 30, 2025 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.
By General American Investors Company, Inc. · Via Business Wire · August 1, 2025
The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end management investment company, reported that Sarah M. Ward, an experienced attorney and financial services industry leader, has been appointed to the Board of Directors of the Company. Mr. Spencer Davidson, Chairman of the Company, commented, “We are pleased to welcome Ms. Ward to our Board given her breadth of experience as a senior partner at Skadden, Arps, Slate, Meagher & Flom LLP and service on numerous Boards of Directors.” Ms. Ward retired from Skadden in December 2021 and currently serves on the boards of CI Financial, Corient, Loblolly Inc., and the Settlement Housing Fund. She is a graduate of Princeton University and received her Doctor of Law degree from Fordham University School of Law.
By General American Investors Company, Inc. · Via Business Wire · July 31, 2025
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, 2025 to holders of record on September 8, 2025. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2025 through September 23, 2025. Preferred shareholders will be informed in early 2026 of the taxable portions of the distribution.
By General American Investors Company, Inc. · Via Business Wire · July 23, 2025
The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM) authorized the repurchase of an additional 2,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through March 31, 2025, the Company has repurchased 33.6 million shares of common stock for a cost of $1.1 billion at an average discount of 14.2%.
By General American Investors Company, Inc. · Via Business Wire · April 16, 2025
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2024. The Form N-CSR, which contains the Company’s 2024 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.
By General American Investors Company, Inc. · Via Business Wire · February 14, 2025
The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a spill-over capital gain distribution on its common stock totaling $0.25 per share from net long-term profits on securities sold during the period November 1, 2024 through December 31, 2024. This is sourced from long-term capital gain income and is expected to be taxable as such. The dividend and distribution is payable in cash on March 7, 2025 to stockholders of record on February 24, 2025 and is to be included in stockholders’ federal income tax returns for 2025.
By General American Investors Company, Inc. · Via Business Wire · February 12, 2025
General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2024 year-end dividend and distribution on its common stock will be $52.26 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 13, 2024, which was below the net asset value of $59.51 per share on that date. The dividend and distribution is payable on December 27, 2024. As announced on November 6, the dividend and distribution amounts to $4.50 per share in the aggregate and is estimated to consist of:
By General American Investors Company, Inc. · Via Business Wire · December 13, 2024
The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,447 shares of Preferred Stock have been repurchased and retired. This program is separate from, and in addition to, the common stock repurchase program.
By General American Investors Company, Inc. · Via Business Wire · December 4, 2024
Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $4.50 per share on its outstanding shares of common stock as follows:
By General American Investors Company, Inc. · Via Business Wire · November 6, 2024
Via Benzinga · October 31, 2024
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2024. The Form N-CSR contains the Company’s June 30, 2024 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.
By General American Investors Company, Inc. · Via Business Wire · August 5, 2024
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.
By General American Investors Company, Inc. · Via Business Wire · July 24, 2024
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2024 of $1,346,421,659 as compared with net assets applicable to its common stock of $1,233,031,938 at December 31, 2023. The value at March 31, 2024 reflects an increase in net assets resulting from operations for the three-month period then ended of $119,893,493 and a net decrease of $6,503,772 reflecting the net cost of repurchasing 147,831 shares of the Company’s common stock.
By General American Investors Company, Inc. · Via Business Wire · May 3, 2024
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, 2024 to holders of record on June 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from March 25, 2024 through June 23, 2024. Preferred shareholders will be informed in early 2025 of the taxable portions of the distribution.
By General American Investors Company, Inc. · Via Business Wire · April 24, 2024
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades.
Via Benzinga · April 5, 2024
General American Investors Company, Inc. (the “Company”), a closed-end investment company listed on the New York Stock Exchange (GAM), today announced that it provided its stockholders with notice of a change in date for its 2024 Annual Meeting of Stockholders (the “Meeting”) through the filing of additional proxy solicitation materials with the Securities and Exchange Commission.
By General American Investors Company, Inc. · Via Business Wire · March 5, 2024
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of General American Investors, Inc. (“General American Investors” or “the Company”) (NYSE: GAM). Investors who purchased General American Investors securities prior to February 9, 2024, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/GAM.
By Bronstein, Gewirtz & Grossman, LLC · Via Business Wire · March 1, 2024
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2023. The Form N-CSR, which contains the Company’s 2023 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.
By General American Investors Company, Inc. · Via Business Wire · February 16, 2024
The Board of Directors authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through December 31, 2023, the Company has repurchased 32.5 million shares of common stock for a cost of $1 billion at an average discount of 14.1%.
By General American Investors Company, Inc. · Via Business Wire · January 25, 2024
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 March 25, 2024 to holders of record on March 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from December 26, 2023 through March 24, 2024. Preferred shareholders will be informed in early 2025 of the taxable portions of the distribution.
By General American Investors Company, Inc. · Via Business Wire · January 24, 2024
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades.
Via Benzinga · January 10, 2024
General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that 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 will be $42.44 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 15, 2023, which was below the net asset value of $51.24 per share on that date. The dividend and distribution is payable on December 28, 2023. As announced on November 1, the dividend and distribution amounts to $2.65 per share in the aggregate and is estimated to consist of:
By General American Investors Company, Inc. · Via Business Wire · December 15, 2023
The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), announced the retirement of Ms. Linda J. Genid, Corporate Secretary of the Company, as of December 31st and that Ms. Connie A. Santa Maria will succeed her in such capacity. The Board expressed its sincere appreciation to Ms. Genid for the loyalty and dedication with which she served the Company and its shareholders for the last 40 years.
By General American Investors Company, Inc. · Via Business Wire · December 7, 2023
The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,447 shares of Preferred Stock have been repurchased and retired. This program is separate from, and in addition to, the common stock repurchase program.
By General American Investors Company, Inc. · Via Business Wire · December 6, 2023
Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $2.65 per share on its outstanding shares of common stock as follows:
By General American Investors Company, Inc. · Via Business Wire · November 1, 2023