Aberdeen Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Monday, March 12th, Wall Street Journal reports. Investors of record on Monday, March 19th will be given a dividend of 0.12 per share by the investment management company on Monday, March 26th. This represents a $1.44 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend is Friday, March 16th.
Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 1.5% annually over the last three years.
Aberdeen Income Credit Strategies Fund (NYSE ACP) traded up $0.02 during trading hours on Monday, reaching $14.12. The company’s stock had a trading volume of 40,556 shares, compared to its average volume of 66,328. Aberdeen Income Credit Strategies Fund has a 52 week low of $13.30 and a 52 week high of $14.93.
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About Aberdeen Income Credit Strategies Fund
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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