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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 24th will be paid a dividend of 0.0775 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 17.4%. The ex-dividend date is Tuesday, March 24th.

Abrdn Income Credit Strategies Fund Trading Down 0.3%

Abrdn Income Credit Strategies Fund stock traded down $0.02 during midday trading on Wednesday, reaching $5.36. 238,554 shares of the stock traded hands, compared to its average volume of 572,929. Abrdn Income Credit Strategies Fund has a fifty-two week low of $4.92 and a fifty-two week high of $6.05. The firm has a fifty day moving average price of $5.57 and a two-hundred day moving average price of $5.60.

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.