Abrdn Income Credit Strategies Fund (NYSE:ACP) Shareholders to Receive $0.06 Monthly Dividend

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.0550 per share by the investment management company on Monday, November 30th. This represents a $0.66 annualized dividend and a yield of 15.3%. The ex-dividend date is Friday, November 20th.

Abrdn Income Credit Strategies Fund Stock Down 0.6%

ACP traded down $0.03 during midday trading on Wednesday, hitting $4.32. The stock had a trading volume of 94,780 shares, compared to its average volume of 639,990. The business has a fifty day moving average of $4.48 and a 200 day moving average of $5.10. Abrdn Income Credit Strategies Fund has a 1 year low of $4.12 and a 1 year high of $5.76.

Abrdn Income Credit Strategies Fund Company Profile

abrdn Income Credit Strategies Fund (NYSE: ACP) is a non-diversified, closed-end investment fund managed by abrdn Inc. The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation, by investing primarily in credit-related fixed-income securities. The fund invests across global credit markets and may hold floating-rate loans, high-yield corporate bonds, investment-grade debt, structured credit instruments and other debt securities. Its portfolio may include below-investment-grade securities, commonly known as high-yield or “junk” bonds, and the fund may use leverage as part of its investment strategy.