Credit Suisse AM Inc Fund Inc. Announces Monthly Dividend of $0.02 (CIK)
Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Friday, December 29th, Wall Street Journal reports. Stockholders of record on Wednesday, January 10th will be given a dividend of 0.022 per share on Wednesday, January 17th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date is Tuesday, January 9th.
Credit Suisse AM Inc Fund (NYSEAMERICAN CIK) traded up $0.03 during trading hours on Friday, hitting $3.30. 107,200 shares of the stock were exchanged, compared to its average volume of 121,509. The firm has a market capitalization of $172.04, a price-to-earnings ratio of 5.50 and a beta of 0.54. Credit Suisse AM Inc Fund has a 1 year low of $3.16 and a 1 year high of $3.50.
In other news, major shareholder Saba Capital Management, L.P. purchased 71,791 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $11.97 per share, with a total value of $859,338.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 75,560 shares of company stock worth $872,831 over the last three months.
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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