Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) announced a monthly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be paid a dividend of 0.0775 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 18.1%. The ex-dividend date of this dividend is Monday, August 24th.
Abrdn Income Credit Strategies Fund Stock Up 0.8%
ACP opened at $5.15 on Thursday. Abrdn Income Credit Strategies Fund has a 52 week low of $4.99 and a 52 week high of $5.99. The business’s 50 day moving average is $5.19 and its two-hundred day moving average is $5.32.
Hedge Funds Weigh In On Abrdn Income Credit Strategies Fund
A number of institutional investors have recently modified their holdings of the business. LM Advisors LLC bought a new stake in shares of Abrdn Income Credit Strategies Fund in the 2nd quarter worth approximately $444,000. Evolve Private Wealth LLC bought a new stake in Abrdn Income Credit Strategies Fund during the second quarter worth approximately $79,000. Keating Financial Advisory Services Inc. bought a new stake in Abrdn Income Credit Strategies Fund during the second quarter worth approximately $139,000. PCM Encore LLC acquired a new position in Abrdn Income Credit Strategies Fund in the second quarter worth approximately $88,000. Finally, Oxbow Advisors LLC acquired a new position in Abrdn Income Credit Strategies Fund in the second quarter worth approximately $144,000.
About Abrdn Income Credit Strategies Fund
Abrdn Income Credit Strategies Fund (NYSE: ACP) is a diversified, closed-end management investment company that seeks to provide investors with high current income and capital appreciation. The fund primarily invests in a broad range of credit instruments, including investment-grade corporate bonds, high-yield debt, bank loans and emerging-market debt securities. To enhance returns, the fund may employ leverage and use derivatives for hedging or efficient portfolio management.
The fund’s investment approach combines top-down credit allocation with bottom-up security selection.
Further Reading
- Five stocks we like better than Abrdn Income Credit Strategies Fund
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
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.
