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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Tuesday, April 16th will be paid a dividend of 0.0225 per share on Monday, April 22nd. This represents a $0.27 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Monday, April 15th.

Credit Suisse Asset Management Income Fund has decreased its dividend by an average of 2.9% per year over the last three years.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN CIK opened at $2.90 on Friday. Credit Suisse Asset Management Income Fund has a 12-month low of $2.50 and a 12-month high of $3.19.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of Credit Suisse Asset Management Income Fund by 106.0% during the second quarter. Wells Fargo & Company MN now owns 51,064 shares of the company’s stock worth $150,000 after acquiring an additional 26,274 shares during the last quarter. Royal Bank of Canada increased its position in shares of Credit Suisse Asset Management Income Fund by 27.9% during the first quarter. Royal Bank of Canada now owns 37,587 shares of the company’s stock worth $115,000 after acquiring an additional 8,195 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the fourth quarter worth about $110,000. Advisor Group Holdings Inc. increased its position in shares of Credit Suisse Asset Management Income Fund by 118.7% during the first quarter. Advisor Group Holdings Inc. now owns 35,142 shares of the company’s stock worth $107,000 after acquiring an additional 19,076 shares during the last quarter. Finally, UBS Group AG boosted its stake in Credit Suisse Asset Management Income Fund by 236.0% in the third quarter. UBS Group AG now owns 37,433 shares of the company’s stock valued at $100,000 after acquiring an additional 26,291 shares during the period. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.