General American Investors Company Inc (NYSE:GAM) Raises Dividend to $0.37 Per Share
General American Investors Company Inc (NYSE:GAM) declared an annual dividend on Wednesday, November 6th, Zacks reports. Investors of record on Monday, November 18th will be paid a dividend of 0.37 per share by the investment management company on Monday, December 30th. This represents a yield of 0.97%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from General American Investors’s previous annual dividend of $0.30.
Shares of NYSE GAM opened at $38.30 on Thursday. The business has a fifty day moving average of $36.75 and a two-hundred day moving average of $35.74. General American Investors has a 52-week low of $27.00 and a 52-week high of $38.59.
In other General American Investors news, Director Rodney B. Berens sold 1,085 shares of General American Investors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.72, for a total transaction of $39,841.20. Following the completion of the transaction, the director now directly owns 4,900 shares of the company’s stock, valued at $179,928. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.04% of the stock is currently owned by company insiders.
General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets. It invests in growth stocks of companies. The firm employs fundamental analysis with a bottom-up stock picking approach to make its investments. General American Investors Company, Inc was founded in 1927 and is based in New York, New York.
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