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

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Friday, April 10th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of 0.0775 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 17.2%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Abrdn Income Credit Strategies Fund Stock Performance

Shares of NYSE ACP opened at $5.41 on Monday. Abrdn Income Credit Strategies Fund has a 52-week low of $4.99 and a 52-week high of $5.99. The firm has a 50 day moving average price of $5.39 and a two-hundred day moving average price of $5.47.

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.