Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) announced a monthly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be paid 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 16.1%. The ex-dividend date is Friday, February 20th.
Abrdn Income Credit Strategies Fund Stock Up 1.1%
Shares of ACP opened at $5.76 on Wednesday. Abrdn Income Credit Strategies Fund has a 12-month low of $4.92 and a 12-month high of $6.28. The business has a 50-day simple moving average of $5.54 and a two-hundred day simple moving average of $5.64.
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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