General American Investors Company, Inc. Declares Combined Dividend, Payable on December 30, 2019; Declares Dividend on 5.95% Cumulative Preferred Stock, Series B, Payable on December 24, 2019
November 06, 2019 at 04:25 pm EST
Share
The Board of Directors of General American Investors Company, Inc. declared a combined dividend and distribution of $2.45 per share on its outstanding shares of common stock as follows: A distribution of $2.08 per share from net long-term capital gains on securities sold. A dividend of $0.37 per share from estimated undistributed net investment income for the full year 2019. Determination as to taxability will be provided in January 2020. Both amounts are payable on December 30, 2019 to stockholders of record on November 18, 2019, and are to be included in stockholders' Federal income tax returns for 2019.
The Board of Directors declared on its 5.95% Cumulative Preferred Stock, Series B, a dividend and distribution of $0.371875 per share payable in cash on December 24, 2019 to holders of record on December 9, 2019. This quarterly dividend and distribution represents a payment for the accrual period from September 24, 2019 through December 23, 2019. Preferred shareholders will be informed in January 2020 as to taxability of the dividend and distribution.
General American Investors Company, Inc. is a closed-end, diversified management investment company. The primary investment objective of the Company is long-term capital appreciation. The Company seeks investments worldwide in public and private companies. The Company invests in various industry sectors, such as information technology, financials, consumer discretionary, healthcare, consumer staples, industrials, communication services, energy, materials and other. The Companyâs portfolio includes Republic Services, Inc., Microsoft Corporation, Arch Capital Group Ltd., Alphabet Inc., Berkshire Hathaway Inc., Apple Inc., Everest Group, Ltd., The TJX Companies, Inc., ASML Holding N.V. and Nestle S.A.
General American Investors Company, Inc. Declares Combined Dividend, Payable on December 30, 2019; Declares Dividend on 5.95% Cumulative Preferred Stock, Series B, Payable on December 24, 2019
GENERAL AMERICAN INVESTORS COMPANY, INC. 
