Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Friday, December 29th, Wall Street Journal reports. Stockholders of record on Wednesday, January 10th will be paid a dividend of 0.022 per share on Wednesday, January 17th. This represents a $0.26 annualized dividend and a dividend yield of 7.98%. The ex-dividend date of this dividend is Tuesday, January 9th.
Credit Suisse AM Inc Fund (NYSEAMERICAN CIK) opened at $3.31 on Friday. Credit Suisse AM Inc Fund has a one year low of $3.16 and a one year high of $3.50. The firm has a market cap of $172.04, a P/E ratio of 5.52 and a beta of 0.54.
In other Credit Suisse AM Inc Fund news, major shareholder Saba Capital Management, L.P. acquired 71,791 shares of the stock in a transaction dated Thursday, November 30th. The shares were purchased at an average price of $11.97 per share, for a total transaction of $859,338.27. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 75,560 shares of company stock worth $872,831 in the last quarter.
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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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