Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) announced a monthly dividend on Monday, May 11th. Investors of record on Thursday, May 21st will be paid a dividend of 0.0775 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 17.7%. The ex-dividend date of this dividend is Thursday, May 21st.
Abrdn Income Credit Strategies Fund Trading Down 2.0%
Shares of NYSE ACP opened at $5.26 on Tuesday. The stock has a fifty day moving average price of $5.30 and a 200 day moving average price of $5.44. Abrdn Income Credit Strategies Fund has a 12-month low of $4.99 and a 12-month high of $5.99.
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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