Abrdn Income Credit Strategies Fund (NYSE:ACP) Declares Monthly Dividend of $0.08

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Friday, January 24th will be paid a dividend of 0.0775 per share by the investment management company on Friday, January 31st. This represents a $0.93 dividend on an annualized basis and a yield of 15.56%. The ex-dividend date is Friday, January 24th.

Abrdn Income Credit Strategies Fund Stock Performance

NYSE:ACP traded up $0.05 during mid-day trading on Monday, hitting $5.98. 1,501,271 shares of the company traded hands, compared to its average volume of 1,016,323. The stock’s fifty day moving average price is $6.24 and its 200-day moving average price is $6.43. Abrdn Income Credit Strategies Fund has a one year low of $5.81 and a one year high of $7.05.

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.