Market Overview

GAMCO Board Approves a Q1 Dividend of $0.05/ Share, Authorizes Additional 500K Share Repurchase

GAMCO Investors (NYSE: GBL) announced today that its Board of
Directors approved a quarterly dividend of $0.05 per share to all of its
Class A and Class B shareholders, payable on March 26, 2013 to its Class
A and Class B shareholders of record on March 12, 2013.

In addition, the Board of Directors authorized the repurchase of up to
an additional 500,000 shares of its Class A Common Stock at such times,
prices and amounts to be determined by the company. After this
additional authorization, there are 652,443 shares authorized and
available for repurchase under GAMCO's stock repurchase program. Since
our 1999 IPO in which we sold six million shares at a price of $17.50
per share, we have

See full press release

Posted-In: News Guidance Management

 

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