Credit Suisse Asset Management Income Fund, Inc. (CIK) to Issue Monthly Dividend of $0.02 on December 22nd

by · The Markets Daily

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Free Report) announced a monthly dividend on Monday, December 1st. Stockholders of record on Monday, December 15th will be paid a dividend of 0.0225 per share on Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, December 15th.

Credit Suisse Asset Management Income Fund Trading Down 0.7%

Shares of NYSEAMERICAN:CIK traded down $0.02 during midday trading on Friday, hitting $2.80. The company had a trading volume of 359,929 shares, compared to its average volume of 555,595. Credit Suisse Asset Management Income Fund has a 12-month low of $2.56 and a 12-month high of $3.04. The company has a fifty day moving average of $2.85 and a two-hundred day moving average of $2.91.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter worth approximately $25,000. Unified Investment Management bought a new position in shares of Credit Suisse Asset Management Income Fund in the second quarter worth approximately $31,000. World Investment Advisors bought a new position in shares of Credit Suisse Asset Management Income Fund in the third quarter worth approximately $32,000. Tactive Advisors LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the second quarter worth $37,000. Finally, Jane Street Group LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at $59,000. 29.49% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse Asset Management Income Fund Company Profile

(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.

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