Aberdeen Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Wednesday, July 10th, Zacks reports. Stockholders of record on Monday, July 22nd will be paid a dividend of 0.12 per share by the investment management company on Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date is Friday, July 19th.
Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 8.1% per year over the last three years.
Shares of ACP opened at $12.75 on Wednesday. Aberdeen Income Credit Strategies Fund has a fifty-two week low of $10.07 and a fifty-two week high of $14.48. The business has a 50 day simple moving average of $12.40.
Avenue Income Credit Strategies Fund is a closed ended fixed income fund launched by Avenue Capital Group. It is managed by Avenue Capital Management II LP. The fund invests in fixed income markets across the globe. It seeks to invest in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.
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