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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.0775 per share by the investment management company on Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a yield of 15.17%. The ex-dividend date of this dividend is Friday, February 21st.

Abrdn Income Credit Strategies Fund Stock Down 0.2 %

NYSE:ACP traded down $0.01 during mid-day trading on Wednesday, reaching $6.13. The company’s stock had a trading volume of 418,451 shares, compared to its average volume of 869,545. Abrdn Income Credit Strategies Fund has a 1 year low of $5.81 and a 1 year high of $7.05. The stock has a fifty day moving average of $6.06 and a 200-day moving average of $6.33.

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.