Credit score Suisse asset administration chair Laura DeFelice buys $119,036 in inventory

Laura DeFelice, Chair of the Board at Credit score Suisse Asset Administration Revenue Fund Inc. (CIK), acquired a big variety of shares within the firm, in line with a latest SEC submitting. The fund, which boasts a notable 9.2% dividend yield and has maintained dividend funds for 39 consecutive years in line with InvestingPro, demonstrates robust income-generating potential. On January 21, DeFelice bought 40,766 shares of frequent inventory at a worth of $2.92 per share, totaling roughly $119,036. Following this transaction, DeFelice now holds 47,402 shares immediately. This acquisition displays DeFelice’s continued funding within the firm and aligns along with her function as a key govt inside the group. The fund maintains a GOOD monetary well being rating and traditionally low worth volatility with a beta of 0.7, as revealed by InvestingPro information, which presents 4 further key insights about CIK’s funding potential.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.