General American Investors Senior Vice-President Acquires $23,446 in Stock

Anang K. Majmudar, Senior Vice-President at General American Investors Co Inc (NYSE:GAM), recently acquired additional shares of the company’s 5.95% Preferred Stock. According to a recent SEC filing, Majmudar purchased 950 shares on March 10, 2025, at a price of $24.68 per share, totaling $23,446. The company, currently valued at $1.17 billion, has maintained dividend payments for 54 consecutive years, with a notable current dividend yield of 8.91%. InvestingPro data shows the company maintains strong financial health with an overall score of 3.1.

Following this transaction, Majmudar holds 7,250 shares of the Preferred Stock in direct ownership. Additionally, he retains 4,703 shares of Common Stock directly and 28,787 shares indirectly through a Thrift Plan Trust. The indirect shares are noted as being held by the issuer’s Employees’ Thrift Plan Trust, with Majmudar disclaiming any beneficial interest in these shares. The Preferred Stock shares are held in joint tenancy with his spouse. According to InvestingPro, GAM demonstrates solid financial stability with a current ratio of 1.5, indicating strong liquidity. Subscribers can access 5 more exclusive ProTips and detailed insider trading patterns.

In other recent news, General American Investors Company, Inc. has declared a spill-over capital gain distribution of $0.25 per share for its common stock. This distribution stems from net long-term profits on securities sold from November 1, 2024, through December 31, 2024, and is expected to be taxable as long-term capital gain income. Stockholders of record as of February 24, 2025, will receive their cash payment on March 7, 2025. Additionally, the Board of Directors announced a dividend and distribution of $0.371875 per share on its 5.95% cumulative preferred stock, series B. This payment is scheduled for March 24, 2025, to shareholders on record as of March 7, 2025, covering the accrual period from December 24, 2024, through March 23, 2025. The taxable portions of this distribution will be communicated to preferred shareholders in early 2026. General American Investors continues to maintain total net assets of approximately $1.4 billion, with the aggregate liquidation value of the preferred stock reported at $190 million. These developments highlight the company’s ongoing financial activities and commitments to its shareholders.

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