Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Free Report) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.02 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, May 15th.
Credit Suisse Asset Management Income Fund Price Performance
Shares of CIK stock traded up $0.02 during trading hours on Wednesday, reaching $2.56. 290,163 shares of the company’s stock were exchanged, compared to its average volume of 428,532. The stock’s fifty day moving average price is $2.57 and its two-hundred day moving average price is $2.73. Credit Suisse Asset Management Income Fund has a 1 year low of $2.44 and a 1 year high of $3.04.
Credit Suisse Asset Management Income Fund Company Profile
Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world’s leading asset managers. The fund’s primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.
The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.
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