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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Monday, January 12th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.0775 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 16.5%. The ex-dividend date is Friday, January 23rd.

Abrdn Income Credit Strategies Fund Price Performance

ACP traded up $0.03 during trading on Tuesday, hitting $5.63. The company’s stock had a trading volume of 729,070 shares, compared to its average volume of 660,834. Abrdn Income Credit Strategies Fund has a twelve month low of $4.92 and a twelve month high of $6.28. The stock’s fifty day moving average price is $5.43 and its 200-day moving average price is $5.70.

About Abrdn Income Credit Strategies Fund

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.