Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) declared a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0775 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 17.7%. The ex-dividend date is Tuesday, June 23rd.
Abrdn Income Credit Strategies Fund Stock Performance
NYSE:ACP opened at $5.25 on Friday. Abrdn Income Credit Strategies Fund has a fifty-two week low of $4.99 and a fifty-two week high of $5.99. The firm has a 50-day simple moving average of $5.32 and a two-hundred day simple moving average of $5.40.
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.
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