Abrdn Income Credit Strategies Fund (ACP) To Go Ex-Dividend on November 20th

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.0550 per share by the investment management company on Monday, November 30th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date of this dividend is Friday, November 20th.

Abrdn Income Credit Strategies Fund Stock Performance

NYSE ACP opened at $4.32 on Thursday. The stock’s 50 day simple moving average is $4.47 and its 200-day simple moving average is $5.09. Abrdn Income Credit Strategies Fund has a 1-year low of $4.12 and a 1-year high of $5.76.

Abrdn Income Credit Strategies Fund Company Profile

abrdn Income Credit Strategies Fund (NYSE: ACP) is a non-diversified, closed-end investment fund managed by abrdn Inc. The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation, by investing primarily in credit-related fixed-income securities. The fund invests across global credit markets and may hold floating-rate loans, high-yield corporate bonds, investment-grade debt, structured credit instruments and other debt securities. Its portfolio may include below-investment-grade securities, commonly known as high-yield or “junk” bonds, and the fund may use leverage as part of its investment strategy.