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Stock Market & Financial Investment News

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December 12, 2012
16:05 EDTGAMGeneral American Investors declares 60c special dividend
The board of General American Investors Company declared a combined special dividend and distribution of 60c per share on its outstanding shares of common stock as follows: A special distribution of 53c per share from net long-term capital gains on securities sold, and a special dividend and distribution of 7c per share from estimated accumulated undistributed income for the full year 2012 and net short-term gains on securities sold. Both amounts are payable on January 31, 2013 to stockholders of record on December 24 and are to be included in stockholders' Federal income tax returns for 2012.
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