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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0225 per share on Wednesday, April 23rd. This represents a $0.27 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date is Tuesday, April 15th.

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

Credit Suisse Asset Management Income Fund Stock Performance

Shares of CIK traded up $0.02 during midday trading on Wednesday, reaching $2.89. 678,409 shares of the company were exchanged, compared to its average volume of 445,913. Credit Suisse Asset Management Income Fund has a 1-year low of $2.82 and a 1-year high of $3.13.

Insider Buying and Selling

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 that occurred on Tuesday, January 21st. The shares were acquired at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the purchase, the insider now owns 47,402 shares in the company, valued at $138,413.84. The trade was a 614.32 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.63% of the stock is currently owned by corporate insiders.

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.