Aberdeen Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Tuesday, June 12th, Wall Street Journal reports. Investors of record on Thursday, June 21st will be paid a dividend of 0.12 per share by the investment management company on Friday, June 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date of this dividend is Wednesday, June 20th.
Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 1.5% per year over the last three years.
Shares of Aberdeen Income Credit Strategies Fund opened at $13.81 on Thursday, Marketbeat reports. Aberdeen Income Credit Strategies Fund has a fifty-two week low of $13.31 and a fifty-two week high of $14.93.
Aberdeen Income Credit Strategies Fund ( The Fund), formerly Avenue Income Credit Strategies Fund, is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a range of industries and geographic regions.
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