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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.0775 per share by the investment management company on Friday, February 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 15.17%. The ex-dividend date is Friday, February 21st.

Abrdn Income Credit Strategies Fund Stock Down 0.2 %

Shares of ACP traded down $0.01 during trading hours on Wednesday, reaching $6.13. 418,451 shares of the company traded hands, compared to its average volume of 869,545. Abrdn Income Credit Strategies Fund has a 12-month low of $5.81 and a 12-month high of $7.05. The stock’s fifty day moving average price is $6.06 and its 200 day moving average price is $6.33.

About Abrdn Income Credit Strategies Fund

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.