Abrdn Income Credit Strategies Fund (NYSE:ACP) Declares Monthly Dividend of $0.10

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.10 per share by the investment management company on Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 18.35%. The ex-dividend date of this dividend is Friday, September 20th.

Abrdn Income Credit Strategies Fund Stock Performance

Shares of Abrdn Income Credit Strategies Fund stock opened at $6.54 on Wednesday. The stock’s 50-day moving average is $6.51 and its 200-day moving average is $6.66. Abrdn Income Credit Strategies Fund has a one year low of $5.55 and a one year high of $7.17.

About Abrdn Income Credit Strategies Fund

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.