Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) announced a monthly dividend on Monday, August 27th, Wall Street Journal reports. Investors of record on Wednesday, September 12th will be given a dividend of 0.0225 per share on Tuesday, September 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Tuesday, September 11th.
Credit Suisse AM Inc Fund has increased its dividend by an average of 1.5% annually over the last three years.
Shares of NYSEAMERICAN:CIK opened at $3.16 on Thursday. Credit Suisse AM Inc Fund has a 12-month low of $3.11 and a 12-month high of $3.46.
About Credit Suisse AM Inc Fund
Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.
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