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 Friday, July 10th. Shareholders of record on Thursday, July 23rd will be paid a dividend of 0.0775 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 17.6%. The ex-dividend date is Thursday, July 23rd.

Abrdn Income Credit Strategies Fund Price Performance

NYSE ACP opened at $5.29 on Tuesday. The company’s 50-day simple moving average is $5.26 and its two-hundred day simple moving average is $5.37. Abrdn Income Credit Strategies Fund has a one year low of $4.99 and a one year high of $5.99.

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.