Abrdn Income Credit Strategies Fund (NYSE:ACP) Stock to Pay Monthly Dividend of $0.06

by · The Markets Daily

Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) declared a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be given a dividend of $0.0550 per share by the investment management company on Friday, October 30th. This represents a $0.66 dividend on an annualized basis and a yield of 15.3%. The ex-dividend date is Friday, October 23rd.

Abrdn Income Credit Strategies Fund Stock Performance

Shares of ACP stock traded up $0.01 on Wednesday, reaching $4.30. 70,675 shares of the company’s stock traded hands, compared to its average volume of 625,842. Abrdn Income Credit Strategies Fund has a 12-month low of $4.26 and a 12-month high of $5.76. The business’s 50 day moving average price is $4.73 and its two-hundred day moving average price is $5.07.

About Abrdn Income Credit Strategies Fund

(Get Free Report)

abrdn Income Credit Strategies Fund (NYSE: ACP) is a non-diversified, closed-end investment company that seeks to provide a high level of current income, with total return as a secondary objective. The fund is managed by abrdn, a global investment management firm.

The fund invests primarily in credit-related securities and other income-producing instruments issued by companies and governments in the United States and international markets. Its portfolio may include below-investment-grade corporate debt, floating-rate loans, bonds, structured credit investments and other fixed-income securities.

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