Aberdeen Income Credit Strategies Fund Announces Monthly Dividend of $0.12 (NYSE:ACP)
Aberdeen Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Wednesday, September 11th, Zacks reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.12 per share by the investment management company on Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend is Friday, September 20th.
Aberdeen Income Credit Strategies Fund has decreased its dividend by an average of 8.1% annually over the last three years.
NYSE:ACP opened at $12.67 on Thursday. Aberdeen Income Credit Strategies Fund has a fifty-two week low of $10.07 and a fifty-two week high of $14.37. The firm has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $12.38.
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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