Abrdn Income Credit Strategies Fund (NYSE:ACP) to Issue $0.08 Monthly Dividend

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be paid a dividend of 0.0775 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Friday, February 20th.

Abrdn Income Credit Strategies Fund Price Performance

Abrdn Income Credit Strategies Fund stock traded up $0.01 during mid-day trading on Wednesday, reaching $5.69. 299,058 shares of the company were exchanged, compared to its average volume of 604,935. The company has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $5.65. Abrdn Income Credit Strategies Fund has a 12 month low of $4.92 and a 12 month high of $6.28.

About Abrdn Income Credit Strategies Fund

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.