General American Investors Company, Inc. (NYSE:GAM - Get Free Report) announced a -- dividend on Wednesday, February 12th,Wall Street Journal reports. Investors 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 dividend yield of 0.9%. The ex-dividend date is Monday, February 24th.
General American Investors has raised its dividend by an average of 13.8% annually over the last three years.
General American Investors Trading Down 0.3 %
Shares of NYSE GAM traded down $0.14 during mid-day trading on Monday, reaching $52.70. 13,357 shares of the company were exchanged, compared to its average volume of 18,227. General American Investors has a 1 year low of $44.30 and a 1 year high of $55.44. The firm has a 50-day moving average of $51.98 and a 200 day moving average of $52.26.
Insider Buying and Selling
In other General American Investors news, CEO Jeffrey W. Priest bought 6,000 shares of General American Investors stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $25.00 per share, with a total value of $150,000.00. Following the transaction, the chief executive officer now directly owns 15,392 shares of the company's stock, valued at approximately $384,800. This represents a 63.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 7,250 shares of company stock worth $192,031 in the last three months. 8.30% of the stock is owned by insiders.
About General American Investors
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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.
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