Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) announced 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 9.25%. The ex-dividend date is Monday, March 17th.
Credit Suisse Asset Management Income Fund has increased its dividend payment by an average of 2.2% annually over the last three years.
Credit Suisse Asset Management Income Fund Price Performance
CIK stock traded down $0.03 during trading on Friday, reaching $2.92. 1,023,222 shares of the stock traded hands, compared to its average volume of 616,116. Credit Suisse Asset Management Income Fund has a 52-week low of $2.82 and a 52-week high of $3.13.
Insider Buying and Selling at Credit Suisse Asset Management Income Fund
In related news, insider Laura A. Defelice acquired 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction on Tuesday, January 21st. The shares were bought 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 directly owns 47,402 shares in the company, valued at $138,413.84. This trade represents a 614.32 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.63% of the stock is owned by company insiders.
Credit Suisse Asset Management Income Fund Company Profile
(
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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.
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