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

General American Investors Company, Inc. (NYSE:GAM) 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 yield of 0.9%. The ex-dividend date of this dividend is Monday, February 24th.

General American Investors has raised its dividend by an average of 13.8% per year over the last three years.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $51.99 on Friday. General American Investors has a 52 week low of $44.44 and a 52 week high of $55.44. The company has a 50-day moving average price of $52.01 and a 200 day moving average price of $52.30.

Insider Activity

In related news, CEO Jeffrey W. Priest purchased 6,000 shares of General American Investors stock in a transaction dated 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 transaction, the chief executive officer now owns 15,392 shares in the company, valued at approximately $384,800. The trade was a 63.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders purchased 7,250 shares of company stock worth $192,031. Company insiders own 8.30% of the company’s stock.

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.