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

Abrdn Income Credit Strategies Fund (NYSE:ACPGet Free Report) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.10 per share by the investment management company on Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 17.96%. The ex-dividend date of this dividend is Monday, April 22nd.

Abrdn Income Credit Strategies Fund has decreased its dividend by an average of 4.1% annually over the last three years.

Abrdn Income Credit Strategies Fund Stock Down 0.6 %

Shares of Abrdn Income Credit Strategies Fund stock opened at $6.68 on Friday. Abrdn Income Credit Strategies Fund has a one year low of $5.55 and a one year high of $7.17. The stock’s fifty day moving average is $6.79 and its 200 day moving average is $6.58.

Institutional Investors Weigh In On Abrdn Income Credit Strategies Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ACP. Advisors Asset Management Inc. bought a new stake in Abrdn Income Credit Strategies Fund during the first quarter valued at about $3,611,000. LPL Financial LLC raised its holdings in Abrdn Income Credit Strategies Fund by 633.4% during the first quarter. LPL Financial LLC now owns 387,938 shares of the investment management company’s stock valued at $2,588,000 after acquiring an additional 335,043 shares during the period. Guggenheim Capital LLC raised its holdings in Abrdn Income Credit Strategies Fund by 73.4% during the first quarter. Guggenheim Capital LLC now owns 629,658 shares of the investment management company’s stock valued at $6,164,000 after acquiring an additional 266,436 shares during the period. Nations Financial Group Inc. IA ADV bought a new stake in Abrdn Income Credit Strategies Fund during the first quarter valued at about $1,373,000. Finally, UBS Group AG increased its holdings in shares of Abrdn Income Credit Strategies Fund by 83.9% in the first quarter. UBS Group AG now owns 178,952 shares of the investment management company’s stock worth $1,194,000 after purchasing an additional 81,638 shares during the last quarter.

Abrdn Income Credit Strategies Fund Company Profile

(Get Free Report)

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.

Featured Stories

Dividend History for Abrdn Income Credit Strategies Fund (NYSE:ACP)

Receive News & Ratings for Abrdn Income Credit Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abrdn Income Credit Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.