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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.0225 per share on Tuesday, February 25th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend is Tuesday, February 18th.

Credit Suisse Asset Management Income Fund has raised its dividend by an average of 3.4% per year over the last three years.

Credit Suisse Asset Management Income Fund Price Performance

CIK stock remained flat at $2.96 during midday trading on Wednesday. 1,038,665 shares of the company’s stock were exchanged, compared to its average volume of 441,168. Credit Suisse Asset Management Income Fund has a fifty-two week low of $2.82 and a fifty-two week high of $3.13.

Insider Transactions at Credit Suisse Asset Management Income Fund

In other news, insider Laura A. Defelice bought 40,766 shares of the stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the acquisition, the insider now directly owns 47,402 shares in the company, valued at approximately $138,413.84. This trade represents a 614.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 18.63% of the stock is currently 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.