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.

Dividend History for Credit Suisse AM Inc Fund (NYSE:CIK)

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.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/09/credit-suisse-am-inc-fund-inc-cik-to-issue-monthly-dividend-of-0-02-on-october-17th.html.

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.

Dividend History for Credit Suisse AM Inc Fund (NYSE:CIK)

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