Credit Suisse AM Inc Fund Inc. (CIK) Announces Monthly Dividend of $0.02
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) announced a monthly dividend on Thursday, August 24th, Wall Street Journal reports. Stockholders of record on Tuesday, September 12th will be paid a dividend of 0.022 per share on Monday, September 18th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Monday, September 11th.
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 3.33 on Friday. Credit Suisse AM Inc Fund has a 12 month low of $2.91 and a 12 month high of $3.50. The stock’s 50 day moving average price is $3.38 and its 200-day moving average price is $3.33.
In other news, major shareholder Saba Capital Management, L.P. sold 35,614 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $3.43, for a total value of $122,156.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 725,173 shares of company stock valued at $2,451,441 over the last 90 days.
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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