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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, February 10th. Stockholders of record on Friday, February 20th will be given a dividend of 0.0775 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 16.4%. The ex-dividend date is Friday, February 20th.

Abrdn Income Credit Strategies Fund Stock Performance

Shares of Abrdn Income Credit Strategies Fund stock traded up $0.01 during trading on Wednesday, reaching $5.69. The company had a trading volume of 275,237 shares, compared to its average volume of 602,138. Abrdn Income Credit Strategies Fund has a fifty-two week low of $4.92 and a fifty-two week high of $6.28. The firm’s fifty day moving average is $5.51 and its 200-day moving average is $5.65.

Abrdn Income Credit Strategies Fund Company Profile

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.