Aberdeen Income Credit Strategies Fund (NYSE:ACP) Plans $0.12 Monthly Dividend

Aberdeen Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Wednesday, July 10th, Zacks reports. Stockholders of record on Monday, July 22nd will be given a dividend of 0.12 per share by the investment management company on Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 11.38%. The ex-dividend date of this dividend is Friday, July 19th.

Aberdeen Income Credit Strategies Fund has decreased its dividend payment by an average of 8.1% per year over the last three years.

Aberdeen Income Credit Strategies Fund stock opened at $12.65 on Friday. The company’s fifty day simple moving average is $12.39. Aberdeen Income Credit Strategies Fund has a 52-week low of $10.07 and a 52-week high of $14.48.

About Aberdeen Income Credit Strategies Fund

Avenue Income Credit Strategies Fund is a closed ended fixed income fund launched by Avenue Capital Group. It is managed by Avenue Capital Management II LP. The fund invests in fixed income markets across the globe. It seeks to invest in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.

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

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