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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIKGet Free Report) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, January 16th will be given a dividend of 0.0225 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, January 16th.

Credit Suisse Asset Management Income Fund Stock Down 0.3%

Shares of CIK stock opened at $2.86 on Wednesday. The business’s fifty day moving average is $2.82 and its 200 day moving average is $2.91. Credit Suisse Asset Management Income Fund has a twelve month low of $2.56 and a twelve month high of $3.04.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

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

About Credit Suisse Asset Management Income Fund

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Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world’s leading asset managers. The fund’s primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.

The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.

Further Reading

Dividend History for Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK)

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