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

Abrdn Income Credit Strategies Fund (NYSE:ACP) announced a — dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.0775 per share by the investment management company on Friday, January 10th. This represents a dividend yield of 19.4%. The ex-dividend date is Monday, December 30th.

Abrdn Income Credit Strategies Fund Trading Down 4.4 %

Shares of ACP stock traded down $0.29 during trading hours on Wednesday, hitting $6.17. 3,915,125 shares of the company were exchanged, compared to its average volume of 505,076. The firm has a fifty day simple moving average of $6.50 and a 200 day simple moving average of $6.56. Abrdn Income Credit Strategies Fund has a 52-week low of $6.11 and a 52-week high of $7.05.

Abrdn Income Credit Strategies Fund Company Profile

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.