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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.0775 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 18.0%. The ex-dividend date is Monday, August 24th.

Abrdn Income Credit Strategies Fund Stock Up 0.9%

Shares of ACP stock traded up $0.04 on Wednesday, hitting $5.16. 51,248 shares of the stock were exchanged, compared to its average volume of 532,897. The business has a 50-day moving average of $5.19 and a 200 day moving average of $5.33. Abrdn Income Credit Strategies Fund has a fifty-two week low of $4.99 and a fifty-two week 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.