General American Investors Company, Inc. Declares Distribution on Common Stock for the Full Year 2021, Payable on December 30, 2021
November 03, 2021 at 04:35 pm EDT
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The Board of Directors of General American Investors Company, Inc. declared a combined dividend and distribution of $3.05 per share on its outstanding shares of common stock for full year 2021. A distribution of $2.70 per share from net long-term capital gains on securities sold. A dividend of $0.35 per share from estimated undistributed net investment income for the full year 2021. Both amounts are payable on December 30, 2021 to stockholders of record on November 15, 2021.
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.