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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Monday, January 12th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.0775 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Friday, January 23rd.

Abrdn Income Credit Strategies Fund Trading Up 0.4%

Shares of NYSE:ACP traded up $0.03 during midday trading on Tuesday, reaching $5.63. 729,070 shares of the company’s stock traded hands, compared to its average volume of 660,834. The company has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $5.70. Abrdn Income Credit Strategies Fund has a 1 year low of $4.92 and a 1 year high of $6.28.

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.