Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) declared a monthly dividend on Friday, July 10th. Shareholders of record on Thursday, July 23rd will be paid a dividend of 0.0775 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date is Thursday, July 23rd.
Abrdn Income Credit Strategies Fund Trading Up 2.4%
Shares of NYSE ACP opened at $5.29 on Tuesday. The company’s 50-day moving average is $5.26 and its 200 day moving average is $5.37. Abrdn Income Credit Strategies Fund has a 1 year low of $4.99 and a 1 year high of $5.99.
About Abrdn Income Credit Strategies Fund
Abrdn Income Credit Strategies Fund (NYSE: ACP) is a diversified, closed-end management investment company that seeks to provide investors with high current income and capital appreciation. The fund primarily invests in a broad range of credit instruments, including investment-grade corporate bonds, high-yield debt, bank loans and emerging-market debt securities. To enhance returns, the fund may employ leverage and use derivatives for hedging or efficient portfolio management.
The fund’s investment approach combines top-down credit allocation with bottom-up security selection.
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