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

GAMCO Investors 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