Credit Suisse Asset Management Income Fund, Inc. (CIK) To Go Ex-Dividend on February 18th

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 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend is Tuesday, February 18th.

Credit Suisse Asset Management Income Fund has increased its dividend payment by an average of 2.2% per year over the last three years.

Credit Suisse Asset Management Income Fund Trading Down 0.3 %

Shares of CIK stock opened at $2.95 on Friday. Credit Suisse Asset Management Income Fund has a 1-year low of $2.82 and a 1-year high of $3.13.

Insider Transactions at Credit Suisse Asset Management Income Fund

In other news, insider Laura A. Defelice purchased 40,766 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the transaction, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 18.63% of the company’s stock.

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.