Aberdeen Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.12 per share by the investment management company on Tuesday, February 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend is Friday, February 16th.
Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 1.5% per year over the last three years.
Shares of Aberdeen Income Credit Strategies Fund (ACP) traded down $0.07 during midday trading on Monday, hitting $13.87. The stock had a trading volume of 52,933 shares, compared to its average volume of 74,756. Aberdeen Income Credit Strategies Fund has a 1-year low of $13.27 and a 1-year high of $14.93.
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Aberdeen Income Credit Strategies Fund Company Profile
Aberdeen Income Credit Strategies Fund ( The Fund), formerly Avenue Income Credit Strategies Fund, is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a range of industries and geographic regions.
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