Credit Suisse AM Inc Fund Inc. (CIK) To Go Ex-Dividend on October 10th
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) announced a monthly dividend on Thursday, September 28th, Wall Street Journal reports. Investors of record on Wednesday, October 11th will be given a dividend of 0.022 per share on Tuesday, October 17th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Tuesday, October 10th.
Credit Suisse AM Inc Fund has decreased its dividend payment by an average of 9.5% per year over the last three years.
Shares of Credit Suisse AM Inc Fund (NYSE CIK) opened at 3.43 on Thursday. The company has a 50 day moving average price of $3.35 and a 200-day moving average price of $3.34. Credit Suisse AM Inc Fund has a 52-week low of $2.91 and a 52-week high of $3.50.
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In related news, major shareholder Saba Capital Management, L.P. sold 36,543 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $3.43, for a total value of $125,342.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 754,059 shares of company stock worth $2,547,921.
About Credit Suisse AM Inc Fund
Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.
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