Credit Suisse Asset Management Income Fund, Inc. (CIK) To Go Ex-Dividend on March 17th

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.0225 per share on Monday, March 24th. This represents a $0.27 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date of this dividend is Monday, March 17th.

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

Credit Suisse Asset Management Income Fund Stock Up 0.3 %

NYSEAMERICAN:CIK opened at $2.90 on Friday. Credit Suisse Asset Management Income Fund has a 12 month low of $2.82 and a 12 month high of $3.13.

Insiders Place Their Bets

In related news, insider Laura A. Defelice bought 40,766 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $2.92 per share, with a total value of $119,036.72. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 18.63% of the company’s stock.

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.