General American Investors announces preferred stock dividend and distribution of USD0.371875 per share.
Global Banking News-April 26, 2019-General American Investors announces preferred stock dividend and distribution of USD0.371875 per share
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General American Investors Company Inc's (NYSE:GAM) board of directors has authorised a dividend and distribution of USD0.371875 per share for the quarter from 25 March to 23 June 2019 on the company's 5.95% cumulative preferred stock series B (NYSE:GAM Pr B), it revealed on Thursday.
All stockholders of record on 7 June 2019 will be paid the dividend on 24 June 2019.
General American Investors aims at long-term capital appreciation through investment in companies with above average growth potential. It has net assets of about USD1.1bn and 25.4m shares of outstanding common stock. The total liquidation value of its preferred stock is USD190m.
The company was founded in 1927 and has been listed on the NYSE since 1930.
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|Publication:||Global Banking News (GBN)|
|Date:||Apr 26, 2019|
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