Aberdeen Income Credit Strategies Fund Declares Monthly Dividend of $0.10 (NYSE:ACP)

Aberdeen Income Credit Strategies Fund (NYSE:ACPGet Rating) declared a monthly dividend on Monday, April 11th, Zacks reports. Investors of record on Friday, April 22nd will be paid a dividend of 0.10 per share by the investment management company on Friday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 12.44%. The ex-dividend date of this dividend is Thursday, April 21st.

Shares of Aberdeen Income Credit Strategies Fund stock opened at $9.65 on Wednesday. The firm has a fifty day moving average price of $9.89 and a two-hundred day moving average price of $10.44. Aberdeen Income Credit Strategies Fund has a fifty-two week low of $9.29 and a fifty-two week high of $12.67.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. raised its stake in shares of Aberdeen Income Credit Strategies Fund by 416.3% in the fourth quarter. Harbour Investments Inc. now owns 6,066 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 4,891 shares in the last quarter. Citadel Advisors LLC bought a new stake in Aberdeen Income Credit Strategies Fund in the 4th quarter valued at $118,000. Susquehanna International Group LLP bought a new stake in Aberdeen Income Credit Strategies Fund in the 4th quarter valued at $366,000. Bank of America Corp DE raised its stake in shares of Aberdeen Income Credit Strategies Fund by 8.7% in the 2nd quarter. Bank of America Corp DE now owns 37,655 shares of the investment management company’s stock valued at $419,000 after buying an additional 3,000 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Aberdeen Income Credit Strategies Fund by 12.1% in the fourth quarter. LPL Financial LLC now owns 53,358 shares of the investment management company’s stock valued at $543,000 after acquiring an additional 5,756 shares during the period.

About Aberdeen Income Credit Strategies Fund (Get Rating)

Avenue 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.

Further Reading

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

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