Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0225 per share on Wednesday, April 23rd. This represents a $0.27 annualized dividend and a yield of 10.31%. The ex-dividend date of this dividend is Tuesday, April 15th.
Credit Suisse Asset Management Income Fund has raised its dividend payment by an average of 2.2% annually over the last three years.
Credit Suisse Asset Management Income Fund Stock Performance
NYSEAMERICAN CIK traded down $0.08 during mid-day trading on Monday, reaching $2.62. 800,044 shares of the company's stock traded hands, compared to its average volume of 455,370. Credit Suisse Asset Management Income Fund has a 1-year low of $2.57 and a 1-year high of $3.13.
Insider Transactions at Credit Suisse Asset Management Income Fund
In other news, insider Laura A. Defelice acquired 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost 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 of the company's stock, valued at $138,413.84. This trade represents a 614.32 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 18.63% of the company's stock.
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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