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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis 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 payment by an average of 2.9% per year over the last three years.

Credit Suisse Asset Management Income Fund Stock Down 0.7 %

Shares of NYSEAMERICAN CIK opened at $2.90 on Friday. Credit Suisse Asset Management Income Fund has a 52 week low of $2.50 and a 52 week high of $3.19.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake in shares of Credit Suisse Asset Management Income Fund by 0.9% in the second quarter. LPL Financial LLC now owns 1,338,618 shares of the company’s stock worth $3,654,000 after buying an additional 11,966 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Credit Suisse Asset Management Income Fund by 17.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 270,533 shares of the company’s stock worth $682,000 after purchasing an additional 40,394 shares during the period. NewEdge Advisors LLC raised its stake in Credit Suisse Asset Management Income Fund by 3.3% during the first quarter. NewEdge Advisors LLC now owns 210,200 shares of the company’s stock worth $641,000 after purchasing an additional 6,700 shares during the period. Morgan Stanley raised its stake in Credit Suisse Asset Management Income Fund by 13.6% during the fourth quarter. Morgan Stanley now owns 66,527 shares of the company’s stock worth $168,000 after purchasing an additional 7,944 shares during the period. Finally, MML Investors Services LLC raised its stake in Credit Suisse Asset Management Income Fund by 13.7% during the second quarter. MML Investors Services LLC now owns 63,271 shares of the company’s stock worth $186,000 after purchasing an additional 7,641 shares during the period. 29.49% of the stock is owned by hedge funds and other institutional investors.

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.