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

Key Points

• Credit Suisse Asset Management Income Fund, Inc. will issue a dividend of $0.0225 per share, with the ex-dividend date set for August 15th.
• The fund's dividend yield is exceptionally high at 905.0%, which reflects its focus on high yield corporate debt.
• Shares of the fund opened at $2.98 on Tuesday and have fluctuated between a 1-year low of $2.56 and a high of $3.13.

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) declared a dividend on Tuesday, August 12th, investing.com reports. Investors of record on Monday, August 18th will be paid a dividend of 0.0225 per share on Friday, August 22nd. This represents a yield of 905.0%. The ex-dividend date is Friday, August 15th.

Credit Suisse Asset Management Income Fund Stock Performance

NYSEAMERICAN:CIK traded down $0.01 during midday trading on Thursday, hitting $3.00. The company had a trading volume of 338,984 shares, compared to its average volume of 363,292. Credit Suisse Asset Management Income Fund has a 52-week low of $2.56 and a 52-week high of $3.13. The stock has a fifty day simple moving average of $2.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIK. Invesco Ltd. grew its position in Credit Suisse Asset Management Income Fund by 21.7% in the fourth quarter. Invesco Ltd. now owns 467,185 shares of the company's stock worth $1,350,000 after acquiring an additional 83,246 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter valued at about $263,000. Stifel Financial Corp boosted its position in Credit Suisse Asset Management Income Fund by 103.5% during the fourth quarter. Stifel Financial Corp now owns 82,437 shares of the company's stock valued at $238,000 after buying an additional 41,937 shares during the period. Citadel Advisors LLC purchased a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter valued at about $74,000. Finally, Dynamic Advisor Solutions LLC boosted its position in Credit Suisse Asset Management Income Fund by 15.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company's stock valued at $182,000 after buying an additional 8,337 shares during the period. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

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.