Abrdn Income Credit Strategies Fund Plans Monthly Dividend of $0.10 (NYSE:ACP)

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Wednesday, October 9th, NASDAQ reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.10 per share by the investment management company on Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 18.13%. The ex-dividend date of this dividend is Thursday, October 24th.

Abrdn Income Credit Strategies Fund Price Performance

Shares of NYSE ACP opened at $6.62 on Wednesday. The business has a 50-day moving average of $6.49 and a 200-day moving average of $6.61. Abrdn Income Credit Strategies Fund has a 12 month low of $5.55 and a 12 month high of $7.05.

Abrdn Income Credit Strategies Fund Company Profile

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.