Abrdn Income Credit Strategies Fund (ACP) to Issue Monthly Dividend of $0.08 on May 30th

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, May 13th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.0775 per share by the investment management company on Friday, May 30th. This represents a $0.93 annualized dividend and a yield of 15.95%. The ex-dividend date is Thursday, May 22nd.

Abrdn Income Credit Strategies Fund Trading Down 0.3%

Abrdn Income Credit Strategies Fund stock opened at $5.83 on Thursday. The stock has a fifty day moving average price of $5.70 and a two-hundred day moving average price of $6.02. Abrdn Income Credit Strategies Fund has a 52-week low of $4.92 and a 52-week high of $7.03.

Abrdn Income Credit Strategies Fund Company Profile

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.