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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Monday, March 17th will be given 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 raised its dividend payment by an average of 2.2% per year over the last three years.

Credit Suisse Asset Management Income Fund Trading Up 0.3 %

Shares of CIK traded up $0.01 during midday trading on Tuesday, hitting $2.95. The company’s stock had a trading volume of 733,805 shares, compared to its average volume of 604,381. Credit Suisse Asset Management Income Fund has a one year low of $2.82 and a one year high of $3.13.

Insider Activity

In related news, insider Laura A. Defelice bought 40,766 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of $2.92 per share, with a total value of $119,036.72. Following the acquisition, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.63% of the stock is currently 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.