Abrdn Income Credit Strategies Fund (NYSE:ACP) Shareholders to Collect $0.06 Monthly Dividend

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Friday, October 9th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0550 per share by the investment management company on Friday, October 30th. This represents a $0.66 annualized dividend and a dividend yield of 15.3%. The ex-dividend date is Friday, October 23rd.

Abrdn Income Credit Strategies Fund Trading Up 0.1%

Shares of Abrdn Income Credit Strategies Fund stock traded up $0.01 on Wednesday, hitting $4.30. 70,675 shares of the company traded hands, compared to its average volume of 625,842. Abrdn Income Credit Strategies Fund has a 12-month low of $4.26 and a 12-month high of $5.76. The company has a 50-day moving average price of $4.73 and a 200 day moving average price of $5.07.

Abrdn Income Credit Strategies Fund Company Profile

abrdn Income Credit Strategies Fund (NYSE: ACP) is a non-diversified, closed-end investment company that seeks to provide a high level of current income, with total return as a secondary objective. The fund is managed by abrdn, a global investment management firm.

The fund invests primarily in credit-related securities and other income-producing instruments issued by companies and governments in the United States and international markets. Its portfolio may include below-investment-grade corporate debt, floating-rate loans, bonds, structured credit investments and other fixed-income securities.