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GAM CEF — General American Investors Closed Fund
General American Investors Closed Fund (GAM)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
GAM's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (91/100, medium confidence). It pays annual and its distribution rate is 11.71%. The latest total cash payment per current share, $6.40 with an ex-date of November 17, 2025, was 2460.0% higher than the previous $0.25. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: General American Investors, Section 19a-1 notices, scoring methodology.
GAM is a CEF. Its distribution rate is 11.71%, its trailing-12-month yield is 10.09%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Total return is 14016.0% over the past 46.6 years.
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 dividend yield and income
Price as of 2026-11-06.
The distribution rate (11.71%) has no calculation basis on file. Trailing-12-month yield (10.09%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $7.43. The ex-dividend date is 11/16/2026. The payment date is 12/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-11-17 | $6.4 | 2460.0% Total cash (unclassified) |
| 2025-02-24 | $0.25 | -94.4% Total cash (unclassified) |
| 2024-11-18 | $4.5 | 69.8% Total cash (unclassified) |
| 2023-11-10 | $2.65 | 41.7% Total cash (unclassified) |
| 2022-11-11 | $1.87 | 87.0% Total cash (unclassified) |
| 2022-11-10 | $1 | N/A |
| 2022-02-04 | $0.5 | -83.6% Total cash (unclassified) |
| 2021-11-12 | $3.05 | 1120.0% Total cash (unclassified) |
| 2021-02-05 | $0.25 | 8.7% Total cash (unclassified) |
| 2020-11-13 | $0.23 | -37.8% Total cash (unclassified) |
| 2019-11-15 | $0.37 | -83.6% Total cash (unclassified) |
| 2018-11-16 | $2.25 | 350.0% Total cash (unclassified) |
| 2018-02-02 | $0.5 | 4.2% Total cash (unclassified) |
| 2017-11-10 | $0.48 | 140.0% Total cash (unclassified) |
| 2017-01-26 | $0.2 | -93.5% Total cash (unclassified) |
| 2016-11-09 | $3.08 | 2980.0% Total cash (unclassified) |
| 2016-01-28 | $0.1 | -70.6% Total cash (unclassified) |
| 2015-11-12 | $0.34 | -90.3% Total cash (unclassified) |
| 2014-11-13 | $3.5 | 66.7% Total cash (unclassified) |
| 2013-11-14 | $2.1 | 2904.3% Total cash (unclassified) |
| 2012-12-20 | $0.0699 | -95.0% Total cash (unclassified) |
| 2012-11-15 | $1.4 | 180.0% Total cash (unclassified) |
| 2011-11-09 | $0.5 | 16.3% Total cash (unclassified) |
| 2010-11-09 | $0.43 | 22.9% Total cash (unclassified) |
| 2009-11-10 | $0.35 | -20.5% Total cash (unclassified) |
| 2008-11-12 | $0.44 | 104.7% Total cash (unclassified) |
| 2008-01-24 | $0.215 | -96.3% Total cash (unclassified) |
| 2007-11-14 | $5.75 | 91.7% Total cash (unclassified) |
| 2006-11-08 | $3 | 2073.9% Total cash (unclassified) |
| 2006-01-26 | $0.138 | -75.0% Total cash (unclassified) |
| 2005-11-08 | $0.553 | N/A |
| 2005-01-28 | $0.15 | N/A |
| 2005-01-27 | $0.274 | N/A |
| 2004-11-09 | $0.9 | 662.7% Total cash (unclassified) |
| 2004-01-22 | $0.118 | -76.4% Total cash (unclassified) |
| 2003-11-12 | $0.5 | 1150.0% Total cash (unclassified) |
| 2003-01-23 | $0.04 | -87.5% Total cash (unclassified) |
| 2002-11-12 | $0.32 | 6.7% Total cash (unclassified) |
| 2002-01-24 | $0.3 | N/A |
| 2001-11-15 | $2.08 | N/A |
| 2001-11-09 | $0.37 | N/A |
| 2001-01-25 | $2.08 | -66.0% Total cash (unclassified) |
| 2000-11-09 | $6.11 | 210.2% Total cash (unclassified) |
| 2000-01-20 | $1.97 | -37.1% Total cash (unclassified) |
| 1999-11-10 | $3.13 | 130.1% Total cash (unclassified) |
| 1999-01-21 | $1.36 | -61.4% Total cash (unclassified) |
| 1998-11-12 | $3.52 | 1576.2% Total cash (unclassified) |
| 1998-01-22 | $0.21 | -92.9% Total cash (unclassified) |
| 1997-11-12 | $2.95 | N/A |
| 1997-01-27 | $0.06 | N/A |
| 1997-01-23 | $0.05 | N/A |
| 1996-11-13 | $2.46 | 7587.5% Total cash (unclassified) |
| 1996-01-18 | $0.032 | -98.8% Total cash (unclassified) |
| 1995-11-09 | $2.58 | 529.3% Total cash (unclassified) |
| 1995-01-17 | $0.41 | 2633.3% Total cash (unclassified) |
| 1994-11-07 | $0.015 | 0.0% Total cash (unclassified) |
| 1994-01-18 | $0.015 | N/A |
| 1993-11-15 | $0.06 | N/A |
| 1993-11-08 | $2.09 | N/A |
| 1993-01-19 | $0.95 | N/A |
| 1992-11-17 | $0.032 | N/A |
| 1992-11-10 | $2 | N/A |
| 1992-01-21 | $1.08 | N/A |
| 1991-11-15 | $0.095 | N/A |
| 1991-11-08 | $2.08 | 20700.0% Total cash (unclassified) |
| 1991-01-28 | $0.01 | N/A |
| 1991-01-22 | $0.06 | N/A |
| 1990-11-16 | $0.2 | N/A |
| 1990-11-09 | $1.6 | 15900.0% Total cash (unclassified) |
| 1990-01-25 | $0.01 | N/A |
| 1990-01-19 | $0.11 | N/A |
| 1989-11-20 | $0.22 | N/A |
| 1989-11-14 | $1.68 | N/A |
| 1989-01-19 | $0.05 | N/A |
| 1988-11-14 | $0.24 | N/A |
| 1988-11-07 | $0.062 | 520.0% Total cash (unclassified) |
| 1988-01-27 | $0.01 | N/A |
| 1988-01-21 | $0.22 | N/A |
| 1987-11-13 | $0.34 | N/A |
| 1987-11-06 | $1.67 | 363.9% Total cash (unclassified) |
| 1987-01-27 | $0.36 | N/A |
| 1987-01-21 | $0.74 | N/A |
| 1986-11-14 | $1.77 | N/A |
| 1986-01-21 | $0.47 | -69.5% Total cash (unclassified) |
| 1986-01-14 | $1.54 | 450.0% Total cash (unclassified) |
| 1985-01-22 | $0.28 | -58.2% Total cash (unclassified) |
| 1984-01-19 | $0.67 | 86.1% Total cash (unclassified) |
| 1983-01-20 | $0.36 | -42.9% Total cash (unclassified) |
| 1982-01-21 | $0.63 | 26.0% Total cash (unclassified) |
| 1981-01-22 | $0.5 | — |
| 1981 total | $0.5 | — |
| 1982 total | $0.63 | 26.0% |
| 1983 total | $0.36 | -42.9% |
| 1984 total | $0.67 | 86.1% |
| 1985 total | $0.28 | -58.2% |
| 1986 total | $3.78 | 1250.0% |
| 1987 total | $3.11 | -17.7% |
| 1988 total | $0.532 | -82.9% |
| 1989 total | $1.95 | 266.5% |
| 1990 total | $1.92 | -1.5% |
| 1991 total | $2.245 | 16.9% |
| 1992 total | $3.112 | 38.6% |
| 1993 total | $3.1 | -0.4% |
| 1994 total | $0.03 | -99.0% |
| 1995 total | $2.99 | 9866.7% |
| 1996 total | $2.492 | -16.7% |
| 1997 total | $3.06 | 22.8% |
| 1998 total | $3.73 | 21.9% |
| 1999 total | $4.49 | 20.4% |
| 2000 total | $8.08 | 80.0% |
| 2001 total | $4.53 | -43.9% |
| 2002 total | $0.62 | -86.3% |
| 2003 total | $0.54 | -12.9% |
| 2004 total | $1.018 | 88.5% |
| 2005 total | $0.977 | -4.0% |
| 2006 total | $3.138 | 221.2% |
| 2007 total | $5.75 | 83.2% |
| 2008 total | $0.655 | -88.6% |
| 2009 total | $0.35 | -46.6% |
| 2010 total | $0.43 | 22.9% |
| 2011 total | $0.5 | 16.3% |
| 2012 total | $1.4699 | 194.0% |
| 2013 total | $2.1 | 42.9% |
| 2014 total | $3.5 | 66.7% |
| 2015 total | $0.34 | -90.3% |
| 2016 total | $3.18 | 835.3% |
| 2017 total | $0.68 | -78.6% |
| 2018 total | $2.75 | 304.4% |
| 2019 total | $0.37 | -86.5% |
| 2020 total | $0.23 | -37.8% |
| 2021 total | $3.3 | 1334.8% |
| 2022 total | $3.37 | 2.1% |
| 2023 total | $2.65 | -21.4% |
| 2024 total | $4.5 | 69.8% |
| 2025 total | $6.65 | 47.8% |
GAM dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +47.8%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +47.8% |
| 3Y | 97.3% |
| 5Y | 2791.3% |
| 10Y | 1855.9% |
GAM performance
Total return is 14016.0% over the past 46.6 years. Over the past year its total return — price change plus distributions reinvested — is 9.6%. Its deepest 1-year drawdown was 8.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -3.0% | — |
| 3M | -6.4% | — |
| 6M | -3.3% | — |
| YTD | 5.6% | — |
| 1Y | 9.6% | — |
| 2Y CAGR | — | 19.50% |
| 3Y CAGR | — | 23.50% |
| 5Y CAGR | — | 15.40% |
| 10Y CAGR | — | 14.30% |
| Since inception 1980-03-17 · 46.6 years | 14016.0% | 11.20% |
GAM key facts
- Distribution Safety Score™
- 91 · Safe
- Safety-Adjusted Yield
- 10.66%
- Issuer
- General American Investors
- Asset type
- CEF
- Asset class
- Equity
- Inception date
- 03/17/1980
- Distribution rate
- 11.71%
- Distribution frequency
- Annual
- Trailing yield
- 10.09%
- 5-year average yield
- 1.09
- Last close
- $63.46 (as of 2026-11-06)
- NAV
- N/A
- Premium / discount
- Premium not shown · NAV date unknown
- Market cap
- $1,518,582,144
- Average volume
- 29,787
- Dividend
- $7.43
- Ex-dividend date
- 11/16/2026
- Payment date
- 12/30/2026
- Beta
- 0.821
Expense ratio and AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage.
How Dividend Vision calculates yield and returns
Distribution rate (11.71%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (10.09%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · 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 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.
More on GAM
Frequently asked questions
Does GAM pay monthly?
No. GAM currently pays annual, not monthly.
What is GAM's dividend yield?
GAM's distribution rate is 11.71%, paid annual — no calculation basis on file.
How has GAM's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +47.8%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does GAM pay a dividend?
GAM pays annual. The dividend amount is $7.43. The ex-dividend date is 11/16/2026. The payment date is 12/30/2026.
How has GAM performed?
Total return is 14016.0% over the past 46.6 years. Over the past year its total return — price change plus distributions reinvested — is 9.6%. Its deepest 1-year drawdown was 8.7%.
Is GAM a good investment?
GAM's Dividend Vision Distribution Safety Score is 91 (Safe). That is a risk signal, not investment advice. Its distribution rate is 11.71% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from General American Investors.
Tickers
GAM's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (91/100, medium confidence). It pays annual and its distribution rate is 11.71%. The latest total cash payment per current share, $6.40 with an ex-date of November 17, 2025, was 2460.0% higher than the previous $0.25. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: General American Investors, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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