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

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Tuesday, March 25th will be paid 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 of this dividend is Tuesday, March 25th.

Abrdn Income Credit Strategies Fund Stock Down 0.4 %

Shares of Abrdn Income Credit Strategies Fund stock traded down $0.03 during midday trading on Wednesday, reaching $5.98. 610,681 shares of the company’s stock traded hands, compared to its average volume of 641,057. Abrdn Income Credit Strategies Fund has a 52 week low of $5.81 and a 52 week high of $7.05. The company’s 50 day simple moving average is $6.06 and its 200 day simple moving average is $6.28.

About Abrdn Income Credit Strategies Fund

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.