Credit Suisse AM Inc Fund Inc. (CIK) to Issue Monthly Dividend of $0.02 on November 16th
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) declared a monthly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Thursday, November 9th will be given a dividend of 0.022 per share on Thursday, November 16th. This represents a $0.26 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Wednesday, November 8th.
Credit Suisse AM Inc Fund has decreased its dividend payment by an average of 9.5% per year over the last three years.
Credit Suisse AM Inc Fund (CIK) opened at $3.32 on Tuesday. Credit Suisse AM Inc Fund has a 1 year low of $2.91 and a 1 year high of $3.50.
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In related news, major shareholder Saba Capital Management, L.P. sold 48,000 shares of Credit Suisse AM Inc Fund stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $3.34, for a total value of $160,320.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 316,885 shares of company stock worth $1,059,364 in the last ninety days.
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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