Aberdeen Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Thursday, April 12th, Wall Street Journal reports. Shareholders of record on Friday, April 20th will be paid a dividend of 0.12 per share by the investment management company on Friday, April 27th. This represents a $1.44 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date of this dividend is Thursday, April 19th.
Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 1.5% annually over the last three years.
NYSE:ACP opened at $14.02 on Friday. Aberdeen Income Credit Strategies Fund has a one year low of $13.31 and a one year high of $14.93.
About Aberdeen Income Credit Strategies Fund
Aberdeen Income Credit Strategies Fund ( The Fund), formerly Avenue Income Credit Strategies Fund, is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a range of industries and geographic regions.
Receive News & Ratings for Aberdeen Income Credit Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Income Credit Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.