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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be paid a dividend of 0.0775 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 18.1%. The ex-dividend date is Monday, August 24th.

Abrdn Income Credit Strategies Fund Price Performance

ACP stock traded up $0.03 during trading on Wednesday, reaching $5.13. 93,183 shares of the company traded hands, compared to its average volume of 532,897. Abrdn Income Credit Strategies Fund has a 12 month low of $4.99 and a 12 month high of $5.99. The business has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $5.33.

Abrdn Income Credit Strategies Fund Company Profile

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.