Credit Suisse Asset Management Income Fund, Inc. (CIK) to Issue Monthly Dividend of $0.02 on February 25th

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.0225 per share on Tuesday, February 25th. This represents a $0.27 annualized dividend and a yield of 9.12%. The ex-dividend date is Tuesday, February 18th.

Credit Suisse Asset Management Income Fund has increased its dividend payment by an average of 3.4% per year over the last three years.

Credit Suisse Asset Management Income Fund Price Performance

CIK stock remained flat at $2.96 during trading on Wednesday. 1,038,665 shares of the company were exchanged, compared to its average volume of 441,168. Credit Suisse Asset Management Income Fund has a twelve month low of $2.82 and a twelve month high of $3.13.

Insider Transactions at Credit Suisse Asset Management Income Fund

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice purchased 40,766 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the acquisition, the insider now owns 47,402 shares in the company, valued at approximately $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.63% of the company’s stock.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.