Abrdn Income Credit Strategies Fund (ACP) to Distribute Monthly Dividend of $0.06 on October 30th

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be paid a dividend of $0.0550 per share by the investment management company on Friday, October 30th. This represents a $0.66 annualized dividend and a yield of 15.4%. The ex-dividend date is Friday, October 23rd.

Abrdn Income Credit Strategies Fund Price Performance

Shares of Abrdn Income Credit Strategies Fund stock traded down $0.01 during midday trading on Wednesday, hitting $4.29. 249,940 shares of the company were exchanged, compared to its average volume of 626,251. The firm has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $5.07. Abrdn Income Credit Strategies Fund has a 52 week low of $4.26 and a 52 week high of $5.76.

About Abrdn Income Credit Strategies Fund

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.