Abrdn Income Credit Strategies Fund (NYSE:ACP) to Issue Monthly Dividend of $0.08

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Tuesday, March 25th will be given a dividend of 0.0775 per share by the investment management company on Monday, March 31st. This represents a $0.93 annualized dividend and a dividend yield of 15.56%. The ex-dividend date is Tuesday, March 25th.

Abrdn Income Credit Strategies Fund Trading Down 0.4 %

Abrdn Income Credit Strategies Fund stock opened at $5.98 on Thursday. The business’s 50-day moving average price is $6.06 and its two-hundred day moving average price is $6.28. Abrdn Income Credit Strategies Fund has a 12-month low of $5.81 and a 12-month high of $7.05.

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.