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

Posted by Tech Dows on Feb 5th, 2025

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Free Report) declared a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date is Tuesday, February 18th.

Credit Suisse Asset Management Income Fund has increased its dividend payment by an average of 3.4% per year over the last three years.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN:CIK traded up $0.01 on Wednesday, reaching $2.97. 1,013,708 shares of the company’s stock were exchanged, compared to its average volume of 438,384. Credit Suisse Asset Management Income Fund has a twelve month low of $2.82 and a twelve month high of $3.13.

Insider Buying and Selling

In related news, insider Laura A. Defelice acquired 40,766 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $2.92 per share, with a total value of $119,036.72. Following the purchase, the insider now directly owns 47,402 shares in the company, valued at approximately $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.63% of the stock is currently owned by company insiders.

About Credit Suisse Asset Management Income Fund

(Get Free Report)

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.