GAM CEF — General American Investors Closed Fund

General American Investors Closed Fund (GAM)

GAM is a low-cost CEF. its distribution rate is 9.77%, its trailing-12-month yield is 9.77%. Dividend Vision Distribution Safety Score™ is 96/100 (Safe). Its deepest 1-year drawdown was 8.7%.

At the current 9.77% distribution rate, a $10,000 investment would generate approximately $977 per year if the next payment matches the last regular one.

General American Investors is a closed-end equity fund that distributes income on an annual basis at a moderate current distribution rate. The fund has a long operating history dating to 1980. The fund appeals to income-focused investors seeking regular annual payouts from an equity portfolio.

GAM performance

Its deepest 1-year drawdown was 8.7%.

GAM key facts

Distribution Safety Score™

96 · Safe

Safety-Adjusted Yield

9.38%

Issuer

General American Investors

Asset type

CEF

Asset class

Equity

Inception date

03/17/1980

Distribution rate

9.77%

Distribution frequency

Annual

Trailing yield

9.77%

5-year average yield

1.2

Last close

$65.51 (as of 2026-09-21)

NAV

N/A

Premium / discount

N/A

Market cap

$1,547,657,472

Average volume

12843.0

Last dividend

$6.40

Last ex-dividend date

11/17/2025 (as of 2025-11-17)

Last payment date

12/26/2025 (as of 2025-12-26)

Beta

0.817

How Dividend Vision calculates yield and returns

Distribution rate (9.77%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (9.77%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: General American Investors; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GAM risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 8.7%.

Who may consider GAM — and who may not

GAM may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (GAM pays annual). This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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