5 Cheap Dividend Funds Trading For Pennies On The Dollar [Forbes]
General American Investors, Inc. (GAM)
US:NYSE Investor Relations:
generalamericaninvestors.com/additional-info
Company Research
Source: Forbes
No surprise, with the market levitating since last October. But! When we expand our search to CEFland, we do find a few closed-end funds (CEFs) left at the bottom of the bargain bin. Today we'll discuss five that pay between 5.7% and 11.7% and trade at discounts between 12% and 18%. In other words, these five CEFs trade for 82 to 88 cents on the dollar. Let's explore whether each dividend is “cheap for a reason.” General American Investors (GAM) Distribution Rate: Discount to NAV: General American Investors (GAM) is a straightforward large-cap CEF that holds “companies with above-average growth potential.” If you took a look at GAM from a sector perspective, you might convince yourself you were looking at an S&P 500 index fund. Only once you dive into top holdings do you see a meaningful difference—typical positions like Apple (AAPL) and Microsoft (MSFT) are spiced up with holdings such as Republic Services (RSG) Arch Capital (ACGL) , and Everest Group (EG) . Also, unlik
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GAM
News
- General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred StockBusiness Wire
- General American Investors Announces Change of Date for 2024 Annual Meeting of StockholdersBusiness Wire
- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) InvestigationBusiness Wire
- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) InvestigationGlobeNewswire
- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) InvestigationAccesswire
GAM
Sec Filings
- 4/11/24 - Form 4
- 4/10/24 - Form 4
- 4/4/24 - Form 4
- GAM's page on the SEC website