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.

WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at

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.

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

Receive News & Ratings for Credit Suisse AM Inc Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse AM Inc Fund and related companies with's FREE daily email newsletter.