Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Tuesday, March 5th, Wall Street Journal reports. Investors of record on Monday, March 18th will be given a dividend of 0.0225 per share on Friday, March 22nd. This represents a $0.27 annualized dividend and a yield of 8.71%. The ex-dividend date is Friday, March 15th.
Credit Suisse AM Inc Fund has increased its dividend by an average of 0.4% annually over the last three years.
Credit Suisse AM Inc Fund stock opened at $3.10 on Thursday. Credit Suisse AM Inc Fund has a 12-month low of $2.66 and a 12-month high of $3.28.
An institutional investor recently bought a new position in Credit Suisse AM Inc Fund stock. Geode Capital Management LLC acquired a new position in shares of Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 58,426 shares of the company’s stock, valued at approximately $161,000. Geode Capital Management LLC owned approximately 0.11% of Credit Suisse AM Inc Fund at the end of the most recent reporting period.
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Credit Suisse AM Inc 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.
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