Credit Suisse Asset Management Income Fund, Inc. Plans Monthly Dividend of $0.02 (NYSEAMERICAN:CIK)

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders 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 dividend yield of 9.15%. The ex-dividend date is Tuesday, February 18th.

Credit Suisse Asset Management Income Fund has increased its dividend by an average of 2.2% per year over the last three years.

Credit Suisse Asset Management Income Fund Trading Down 0.3 %

CIK opened at $2.95 on Friday. Credit Suisse Asset Management Income Fund has a 12-month low of $2.82 and a 12-month high of $3.13.

Insider Buying and Selling

In other news, insider Laura A. Defelice bought 40,766 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of $2.92 per share, with a total value of $119,036.72. Following the purchase, the insider now owns 47,402 shares in the company, valued at approximately $138,413.84. The trade was a 614.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 18.63% of the stock is owned by corporate insiders.

About Credit Suisse Asset Management Income Fund

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.