Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Shares Set to Pay Monthly Dividend of $0.02

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.02 per share on Thursday, October 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Thursday, October 15th.

Credit Suisse Asset Management Income Fund Price Performance

CIK traded up $0.01 during trading on Friday, reaching $2.33. 20,394 shares of the company’s stock were exchanged, compared to its average volume of 507,129. The company’s fifty day moving average price is $2.41 and its 200-day moving average price is $2.48. Credit Suisse Asset Management Income Fund has a fifty-two week low of $2.30 and a fifty-two week high of $3.04.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new stake in Credit Suisse Asset Management Income Fund in the second quarter valued at about $2,884,000. Shaker Financial Services LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 204.3% during the 2nd quarter. Shaker Financial Services LLC now owns 867,755 shares of the company’s stock worth $2,152,000 after buying an additional 582,569 shares during the period. Fiera Capital Corp grew its position in shares of Credit Suisse Asset Management Income Fund by 93.0% during the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock worth $1,171,000 after buying an additional 199,448 shares during the period. Bank of America Corp DE bought a new stake in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at about $535,000. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Credit Suisse Asset Management Income Fund by 9.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company’s stock valued at $182,000 after acquiring an additional 6,092 shares during the period. 29.49% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund is a closed-end investment company listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income through a professionally managed portfolio of fixed-income securities.

The fund primarily invests in corporate bonds, loans and other debt instruments, including securities that may carry below-investment-grade ratings. Its portfolio may include obligations issued by companies and other borrowers in the United States and international markets, exposing investors to credit, interest-rate and foreign-market risks.

Credit Suisse Asset Management Income Fund was established as part of Credit Suisse Asset Management’s closed-end fund offerings.