Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) announced a monthly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 24th will be paid a dividend of 0.0775 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 17.4%. The ex-dividend date of this dividend is Tuesday, March 24th.
Abrdn Income Credit Strategies Fund Stock Performance
ACP traded down $0.02 during trading on Wednesday, reaching $5.36. The stock had a trading volume of 238,554 shares, compared to its average volume of 572,929. The stock has a 50 day moving average of $5.57 and a two-hundred day moving average of $5.60. Abrdn Income Credit Strategies Fund has a 1-year low of $4.92 and a 1-year high of $6.05.
About Abrdn Income Credit Strategies Fund
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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