Abrdn Income Credit Strategies Fund (ACP) To Go Ex-Dividend on June 23rd

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, June 9th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.0775 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 17.7%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Abrdn Income Credit Strategies Fund Price Performance

ACP stock opened at $5.27 on Thursday. Abrdn Income Credit Strategies Fund has a twelve month low of $4.99 and a twelve month high of $5.99. The business has a 50 day simple moving average of $5.30 and a 200-day simple moving average of $5.41.

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.