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

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

Abrdn Income Credit Strategies Fund Stock Down 4.4 %

Abrdn Income Credit Strategies Fund stock traded down $0.29 during mid-day trading on Wednesday, reaching $6.17. The company’s stock had a trading volume of 3,915,125 shares, compared to its average volume of 505,076. Abrdn Income Credit Strategies Fund has a 12-month low of $6.11 and a 12-month high of $7.05. The firm’s fifty day moving average price is $6.50 and its two-hundred day moving average price is $6.56.

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.