General American Investors Company, Inc. (NYSE:GAM) Announces $0.25 — Dividend

General American Investors Company, Inc. (NYSE:GAM) announced a — dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.25 per share by the investment management company on Friday, March 7th. This represents a yield of 0.9%. The ex-dividend date of this dividend is Monday, February 24th.

General American Investors has increased its dividend by an average of 13.8% annually over the last three years.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $52.93 on Friday. The business has a fifty day moving average of $51.95 and a two-hundred day moving average of $52.22. General American Investors has a 52-week low of $44.23 and a 52-week high of $55.44.

Insider Buying and Selling at General American Investors

In related news, CEO Jeffrey W. Priest bought 6,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the acquisition, the chief executive officer now directly owns 15,392 shares in the company, valued at $384,800. This represents a 63.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 7,250 shares of company stock worth $192,031 in the last three months. 8.30% of the stock is owned by corporate insiders.

About General American Investors

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.