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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, January 16th will be paid a dividend of 0.0225 per share on Monday, January 26th. This represents a c) dividend on an annualized basis 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 Performance

Shares of CIK stock opened at $2.86 on Wednesday. The firm has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $2.91. Credit Suisse Asset Management Income Fund has a 12 month low of $2.56 and a 12 month high of $3.04.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Large investors have recently added to or reduced their stakes in the business. IMS Capital Management purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the second quarter worth approximately $361,000. Shaker Financial Services LLC boosted its position in shares of Credit Suisse Asset Management Income Fund by 46.5% during the second quarter. Shaker Financial Services LLC now owns 306,376 shares of the company’s stock valued at $907,000 after buying an additional 97,243 shares during the last quarter. Unified Investment Management bought a new stake in Credit Suisse Asset Management Income Fund during the second quarter worth $31,000. Wedbush Securities Inc. raised its position in Credit Suisse Asset Management Income Fund by 13.6% in the 2nd quarter. Wedbush Securities Inc. now owns 51,585 shares of the company’s stock valued at $153,000 after buying an additional 6,175 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in Credit Suisse Asset Management Income Fund by 33.8% during the 3rd quarter. Fiera Capital Corp now owns 214,457 shares of the company’s stock valued at $628,000 after acquiring an additional 54,172 shares in the last quarter. Institutional investors own 29.49% of the company’s stock.

About Credit Suisse Asset Management Income Fund

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.