Credit Suisse AM Inc Fund Inc. (CIK) to Issue Monthly Dividend of $0.02 on October 17th
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) announced a monthly dividend on Thursday, September 28th, Wall Street Journal reports. Shareholders of record on Wednesday, October 11th will be paid a dividend of 0.022 per share on Tuesday, October 17th. This represents a $0.26 annualized dividend and a yield of 7.74%. The ex-dividend date is Tuesday, October 10th.
Credit Suisse AM Inc Fund has decreased its dividend by an average of 9.5% annually over the last three years.
Shares of Credit Suisse AM Inc Fund (NYSE:CIK) opened at 3.41 on Monday. Credit Suisse AM Inc Fund has a 52 week low of $2.91 and a 52 week high of $3.50. The firm has a 50-day moving average of $3.36 and a 200 day moving average of $3.35.
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In other news, major shareholder Saba Capital Management, L.P. sold 10,502 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $3.33, for a total value of $34,971.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 754,059 shares of company stock valued at $2,547,921 in the last quarter.
Credit Suisse AM Inc Fund Company Profile
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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