Aberdeen Income Credit Strategies Fund (NYSE:ACP) Plans $0.10 Monthly Dividend

Aberdeen Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Tuesday, January 11th, Zacks reports. Investors of record on Monday, January 24th will be paid a dividend of 0.10 per share by the investment management company on Monday, January 31st. This represents a $1.20 annualized dividend and a yield of 11.65%. The ex-dividend date is Friday, January 21st.

Aberdeen Income Credit Strategies Fund has decreased its dividend payment by 9.1% over the last three years and has raised its dividend annually for the last 1 consecutive years.

NYSE:ACP opened at $10.30 on Thursday. Aberdeen Income Credit Strategies Fund has a fifty-two week low of $9.88 and a fifty-two week high of $12.67. The stock has a fifty day moving average price of $10.67 and a 200-day moving average price of $11.04.

Hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of Aberdeen Income Credit Strategies Fund by 26.1% in the second quarter. Morgan Stanley now owns 232,849 shares of the investment management company’s stock valued at $2,589,000 after acquiring an additional 48,232 shares during the period. Bank of America Corp DE raised its stake in Aberdeen Income Credit Strategies Fund by 8.7% during the second quarter. Bank of America Corp DE now owns 37,655 shares of the investment management company’s stock valued at $419,000 after buying an additional 3,000 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Aberdeen Income Credit Strategies Fund by 104.4% in the third quarter. UBS Group AG now owns 170,571 shares of the investment management company’s stock worth $1,885,000 after purchasing an additional 87,135 shares during the last quarter.

Aberdeen Income Credit Strategies Fund Company Profile

Aberdeen Income Credit Strategies Fund operates as a global credit, non diversified and closed-end management investment company. It intends to seek risk-adjusted returns with high current income and the potential for capital appreciation. The company was founded on October 12, 2010 and is headquartered in Philadelphia, PA.

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Dividend History for Aberdeen Income Credit Strategies Fund (NYSE:ACP)

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