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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given 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 raised its dividend by an average of 3.5% per year over the last three years.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of CIK remained flat at $2.95 during mid-day trading on Friday. The stock had a trading volume of 954,386 shares, compared to its average volume of 480,577. Credit Suisse Asset Management Income Fund has a 52 week low of $2.82 and a 52 week high of $3.13.

Insider Activity

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice bought 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost 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 of the company's stock, valued at approximately $138,413.84. This represents a 614.32 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.63% of the stock is owned by 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.