Abrdn Income Credit Strategies Fund (NYSE:ACP) to Issue Monthly Dividend of $0.08

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be given a dividend of 0.0775 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Friday, February 20th.

Abrdn Income Credit Strategies Fund Stock Performance

NYSE:ACP traded up $0.01 on Wednesday, hitting $5.69. 275,237 shares of the stock were exchanged, compared to its average volume of 602,138. The stock has a fifty day moving average of $5.51 and a 200-day moving average of $5.65. Abrdn Income Credit Strategies Fund has a fifty-two week low of $4.92 and a fifty-two week high of $6.28.

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.