General American Investors authorizes additional $2M share repurchase
Share Repurchase Authorization: General American Investors has authorized the repurchase of an additional 2 million shares of common stock when trading at a discount of at least 8% from net asset value, continuing a program that began in March 1995, with a total of 33.6 million shares repurchased for $1.1 billion at an average discount of 14.2%.
Dividend Declaration: The Board declared a dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B, payable in cash on June 24 to holders of record on June 9, covering the accrual period from March 24 through June 23, 2025.
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- Dividend Declaration: The Board of Directors of General American Investors announced a preferred stock dividend of $0.371875 per share payable on March 24, 2026, to shareholders of record as of March 9, 2026, demonstrating the company's commitment to shareholder returns.
- Financial Position: The company has total net assets of approximately $1.6 billion applicable to its 24 million shares of common stock, indicating a robust financial foundation and investment potential in the market.
- Preferred Stock Value: The aggregate liquidation value of the company's preferred stock is $190 million, highlighting its significance in the capital structure and providing investors with a relatively secure source of income.
- Long-term Objective: Founded in 1927, the company has consistently aimed for long-term capital appreciation through investments in companies with above-average growth potential, reflecting its strategic consistency and forward-looking investment approach.
- Dividend Payment Announcement: General American Investors Company has declared a $6.40 per share dividend for 2025, which is set to be paid on December 26, 2025, demonstrating the company's ongoing commitment to shareholder returns.
- Issue Price Determination: The company will issue shares at $58.745 each to stockholders opting for additional shares in lieu of cash dividends, which is below the net asset value of $65.40 per share on that date, indicating a potential undervaluation in the market.
- Asset Scale Overview: As of November 30, 2025, the company reported net assets of approximately $1.7 billion applicable to its 23.2 million outstanding common shares, reflecting a solid foundation for long-term capital appreciation.
- Historical Background: Founded in 1927 and publicly traded since inception, General American Investors has been listed on the NYSE since 1930, showcasing its long-standing history and stability in the investment sector.
- Dividend Distribution Announcement: General American Investors Company has declared a total dividend and distribution of $6.40 per share for 2025, which includes a distribution of $5.95 from net long-term capital gains and a dividend of $0.45 from estimated undistributed net investment income, demonstrating the company's ongoing profitability and commitment to shareholder returns.
- Issuance Price Determination: The company has set the issuance price for shares to stockholders electing to receive additional shares in payment of the 2025 year-end dividend at $58.745 per share, which is below the net asset value of $65.40 per share on that date, reflecting market pricing pressures on the company's stock.
- Asset Scale Overview: As of November 30, 2025, the company reported net assets of approximately $1.7 billion applicable to its 23.2 million outstanding shares, indicating a robust position in the capital markets and long-term growth potential.
- Historical Background: Founded in 1927 and publicly traded since inception, General American Investors has been listed on the NYSE since 1930, aiming for long-term capital appreciation through investments in companies with above-average growth potential, showcasing its historical significance and expertise in the investment field.
- Repurchase Plan Update: The Board of Directors of General American Investors has authorized the repurchase of up to 1,601,553 shares of 5.95% Cumulative Preferred Stock, Series B, aiming to enhance shareholder value and optimize capital structure when market prices fall below the liquidation preference of $25 per share.
- Repurchase Progress: To date, the company has repurchased and retired 398,447 shares of preferred stock, indicating positive progress in executing its repurchase plan and reflecting confidence in the market's undervaluation.
- Asset Scale: As of November 30, 2025, the company reported total net assets of approximately $1.5 billion applicable to its 23.2 million outstanding common shares, demonstrating a solid position in the capital markets and long-term growth potential.
- Preferred Stock Value: The aggregate liquidation value of the company’s 7.6 million shares of 5.95% Cumulative Preferred Stock, Series B, is $190 million, further emphasizing the importance of preferred stock in the company's capital structure, which may attract more investor interest.
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Oversold Status: General American Investors Inc (GAM) shares have entered oversold territory with an RSI of 20.5, indicating potential buying opportunities as the stock price has dropped to $57.42.
Dividend Yield: GAM's recent annualized dividend of $6.4 per share translates to a yield of 10.06% based on a share price of $63.61, making it attractive for dividend investors.
Investor Sentiment: The low RSI reading may suggest that heavy selling is nearing exhaustion, prompting bullish investors to consider entry points for purchasing shares.
Dividend History Importance: Investors are encouraged to review GAM's dividend history to assess the likelihood of continued dividend payments, as dividends can be unpredictable.









