Aberdeen Income Credit Strategies Fund (ACP) to Issue Monthly Dividend of $0.12 on February 27th

Aberdeen Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Tuesday, February 20th will be given a dividend of 0.12 per share by the investment management company on Tuesday, February 27th. This represents a $1.44 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date is Friday, February 16th.

Aberdeen Income Credit Strategies Fund has decreased its dividend payment by an average of 1.5% per year over the last three years.

Shares of Aberdeen Income Credit Strategies Fund (NYSE:ACP) opened at $14.02 on Thursday. Aberdeen Income Credit Strategies Fund has a 1-year low of $13.27 and a 1-year high of $14.93.

In other Aberdeen Income Credit Strategies Fund news, Director John P. Sievwright bought 5,000 shares of Aberdeen Income Credit Strategies Fund stock in a transaction on Friday, January 12th. The shares were purchased at an average cost of $14.39 per share, with a total value of $71,950.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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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.

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

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