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

Aberdeen Income Credit Strategies Fund (NYSE:ACPGet Rating) announced a monthly dividend on Thursday, May 12th, Wall Street Journal reports. Shareholders of record on Friday, May 20th will be paid a dividend of 0.10 per share by the investment management company on Tuesday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 14.10%. The ex-dividend date is Thursday, May 19th.

Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 3.1% annually over the last three years.

Shares of Aberdeen Income Credit Strategies Fund stock opened at $8.51 on Friday. Aberdeen Income Credit Strategies Fund has a 52 week low of $8.50 and a 52 week high of $12.53. The stock has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $10.18.

Several large investors have recently made changes to their positions in ACP. Harbour Investments Inc. boosted its position in shares of Aberdeen Income Credit Strategies Fund by 416.3% during the fourth quarter. Harbour Investments Inc. now owns 6,066 shares of the investment management company’s stock valued at $62,000 after buying an additional 4,891 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Aberdeen Income Credit Strategies Fund during the fourth quarter valued at approximately $118,000. Susquehanna International Group LLP purchased a new position in shares of Aberdeen Income Credit Strategies Fund during the fourth quarter valued at approximately $366,000. Bank of America Corp DE boosted its position in shares of Aberdeen Income Credit Strategies Fund by 8.7% during the second 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 during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Aberdeen Income Credit Strategies Fund by 12.1% during the fourth quarter. LPL Financial LLC now owns 53,358 shares of the investment management company’s stock valued at $543,000 after buying an additional 5,756 shares during the last quarter.

Aberdeen Income Credit Strategies Fund Company Profile (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.

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

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