General American Investors Company, Inc.
GAMFinancial Services · Stock · annual payer
Forward Yield
9.96%
Annual Dividend
$6.40
Payout Ratio
0%
5-Yr Growth
70.6%
Ex-Date
Nov 17, 2025
Frequency
Annual
Summary
As of July 2026, General American Investors Company, Inc. (GAM) yields 9.96% ($6.40 per share annually), with a blended fair-value estimate of $164.89 — +157% upside, so it screens as undervalued. Dividend safety grade: C (51/100).
Is GAM a good dividend stock?
MixedGeneral American Investors Company, Inc. (GAM) pays a annual dividend yielding 9.96% ($6.40/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 70.6% 5-yr dividend growth
- 42% total price return over 5 years
Risks
- Cut its dividend in 2025
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.96%
- Payout Ratio
- 0%
- Annual Dividend
- $6.40
- 5-Yr Avg Growth
- 70.6%
- Ex-Dividend Date
- Nov 17, 2025
- Years of Growth
- 0
- Frequency
- annual
- Beta
- 0.82
- Market Cap
- $1.5B
- P/E Ratio
- 4.4
- 5-Yr Total Return
- 42%
- 52-Week Range
- $56.24 – $66.18
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
GAM Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
+53%
5 Years
+42%
52-Week Range
$56.24 – $66.18
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GAM worth?
Undervaluedlow confidenceOur blended fair-value estimate for General American Investors Company, Inc. is $164.89 per share, versus a market price of $64.05. That implies 157% of upside — a margin of safety of about 61%.
Fair Value
$164.89
Current Price
$64.05
Upside
+157%
Margin of Safety
61%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.4% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $14.56 EPS, $6.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GAM Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Nov 17, 2025 | — | $6.4000 | regular |
| Feb 24, 2025 | — | $0.2500 | regular |
| Nov 18, 2024 | — | $4.5000 | regular |
| Nov 10, 2023 | — | $2.6500 | regular |
| Nov 10, 2022 | — | $1.0000 | regular |
| Feb 4, 2022 | — | $0.5000 | regular |
| Nov 12, 2021 | — | $3.0500 | regular |
| Feb 5, 2021 | — | $0.2500 | regular |
| Nov 13, 2020 | — | $0.2300 | regular |
| Nov 15, 2019 | — | $0.3700 | regular |
| Nov 16, 2018 | — | $2.2500 | regular |
| Feb 2, 2018 | — | $0.5000 | regular |
| Nov 10, 2017 | — | $0.4800 | regular |
| Jan 26, 2017 | — | $0.2000 | regular |
Income Calculator
At $6.40 / yr per share
