Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) declared a monthly dividend on Monday, May 11th. Investors of record on Thursday, May 21st will be given a dividend of 0.0775 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 17.4%. The ex-dividend date is Thursday, May 21st.
Abrdn Income Credit Strategies Fund Stock Performance
ACP opened at $5.35 on Wednesday. Abrdn Income Credit Strategies Fund has a twelve month low of $4.99 and a twelve month high of $5.99. The firm’s 50-day moving average price is $5.30 and its 200 day moving average price is $5.44.
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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