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

Abrdn Income Credit Strategies Fund (NYSE:ACP) declared a — dividend on Wednesday, December 11th,Wall Street Journal reports. Investors 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 of this dividend is Monday, December 30th.

Abrdn Income Credit Strategies Fund Stock Down 4.3 %

Shares of NYSE ACP traded down $0.28 during mid-day trading on Wednesday, hitting $6.17. The stock had a trading volume of 3,792,072 shares, compared to its average volume of 504,117. Abrdn Income Credit Strategies Fund has a 1 year low of $6.11 and a 1 year high of $7.05. The business has a 50 day moving average price of $6.50 and a two-hundred day moving average price of $6.56.

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.