General American Investors' Preferred Stock, Series B Shares Cross 5.5% Yield Mark

In trading on Thursday, shares of General American Investors Incorporated's 5.95% Cumulative Preferred Stock, Series B (GAM.PRB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4875), with shares changing hands as low as $26.77 on the day. This compares to an average yield of 5.49% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GAM.PRB was trading at a 8.64% premium to its liquidation preference amount, versus the average premium of 4.14% in the "Financial" category.

The chart below shows the one year performance of GAM.PRB shares, versus GAM:

Performance Comparison Chart

Below is a dividend history chart for GAM.PRB, showing historical dividend payments on General American Investors Incorporated's 5.95% Cumulative Preferred Stock, Series B:

GAM.PRB+Dividend+History+Chart

In Thursday trading, General American Investors Incorporated's 5.95% Cumulative Preferred Stock, Series B ( GAM.PRB) is currently off about 0.8% on the day, while the common shares ( GAM) are off about 0.2%.

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