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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 9.34%. The ex-dividend date of this dividend is Tuesday, April 15th.

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

Credit Suisse Asset Management Income Fund Stock Performance

CIK traded up $0.02 during trading hours on Wednesday, hitting $2.89. 678,409 shares of the stock were exchanged, compared to its average volume of 445,913. Credit Suisse Asset Management Income Fund has a 12 month low of $2.82 and a 12 month high of $3.13.

Insider Transactions at Credit Suisse Asset Management Income Fund

In related news, insider Laura A. Defelice purchased 40,766 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $2.92 per share, for a total transaction of $119,036.72. Following the transaction, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.