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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Thursday, April 10th, Wall Street Journal reports. Investors of record on Wednesday, April 23rd will be given a dividend of 0.0775 per share by the investment management company on Wednesday, April 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 16.83%. The ex-dividend date is Wednesday, April 23rd.

Abrdn Income Credit Strategies Fund Stock Performance

Shares of NYSE ACP opened at $5.53 on Monday. Abrdn Income Credit Strategies Fund has a 52 week low of $4.92 and a 52 week high of $7.03. The business has a 50-day simple moving average of $5.87 and a two-hundred day simple moving average of $6.13.

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.