Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) declared a monthly dividend on Friday, September 11th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.055 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Tuesday, September 22nd.
Abrdn Income Credit Strategies Fund Stock Performance
Shares of NYSE:ACP opened at $4.67 on Friday. Abrdn Income Credit Strategies Fund has a 52 week low of $4.50 and a 52 week high of $5.93. The firm has a 50 day simple moving average of $5.04 and a 200 day simple moving average of $5.20.
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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