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

Key Points

• Credit Suisse Asset Management Income Fund, Inc. has declared a monthly dividend of $0.0225 per share, with an annualized yield of 9.1%.
• The ex-dividend date is set for September 16, and the dividend will be paid on September 23.
• Institutional investors currently hold approximately 29.49% of the company's stock, with several new stakes established in the second quarter of this year.

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) declared a monthly dividend on Tuesday, September 2nd. Stockholders of record on Tuesday, September 16th will be given a dividend of 0.0225 per share on Tuesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, September 16th.

Credit Suisse Asset Management Income Fund Trading Down 0.5%

CIK traded down $0.02 on Thursday, hitting $2.96. 325,706 shares of the company's stock traded hands, compared to its average volume of 559,044. The firm has a 50 day simple moving average of $2.97. Credit Suisse Asset Management Income Fund has a one year low of $2.56 and a one year high of $3.12.

Institutional Trading of Credit Suisse Asset Management Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at approximately $25,000. Unified Investment Management bought a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at approximately $31,000. Tactive Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at approximately $37,000. Strategic Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund during the 1st quarter valued at approximately $42,000. Finally, Jane Street Group LLC bought a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at approximately $59,000. Institutional investors own 29.49% 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.

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