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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.0225 per share on Monday, March 24th. This represents a $0.27 annualized dividend and a yield of 9.15%. 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 Stock Performance

NYSEAMERICAN CIK traded up $0.02 on Tuesday, hitting $2.95. 745,287 shares of the company’s stock traded hands, compared to its average volume of 604,381. Credit Suisse Asset Management Income Fund has a 1-year low of $2.82 and a 1-year high of $3.13.

Insider Buying and Selling at Credit Suisse Asset Management Income Fund

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice bought 40,766 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 47,402 shares of the company’s stock, valued at approximately $138,413.84. The trade was a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 18.63% of the stock is owned by corporate insiders.

About Credit Suisse Asset Management Income Fund

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.