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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Friday, October 9th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0550 per share by the investment management company on Friday, October 30th. This represents a $0.66 annualized dividend and a dividend yield of 15.4%. The ex-dividend date is Friday, October 23rd.

Abrdn Income Credit Strategies Fund Stock Down 0.1%

ACP stock traded down $0.01 during midday trading on Wednesday, reaching $4.29. The company had a trading volume of 131,265 shares, compared to its average volume of 625,873. The stock has a 50 day moving average price of $4.73 and a 200-day moving average price of $5.07. Abrdn Income Credit Strategies Fund has a 1-year low of $4.26 and a 1-year high of $5.76.

About Abrdn Income Credit Strategies Fund

abrdn Income Credit Strategies Fund (NYSE: ACP) is a non-diversified, closed-end investment company that seeks to provide a high level of current income, with total return as a secondary objective. The fund is managed by abrdn, a global investment management firm.

The fund invests primarily in credit-related securities and other income-producing instruments issued by companies and governments in the United States and international markets. Its portfolio may include below-investment-grade corporate debt, floating-rate loans, bonds, structured credit investments and other fixed-income securities.