General American Investors Company Announces Actions Taken by the Board of Directors

Author's Avatar
Jul 23, 2020
Article's Main Image

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, 2020 to holders of record on September 8, 2020. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2020 through September 23, 2020. Preferred shareholders will be informed in early 2021 of the taxable portions of the distribution.