Aberdeen Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Friday, September 10th, Zacks reports. Shareholders of record on Monday, September 20th will be paid a dividend of 0.10 per share by the investment management company on Thursday, September 30th. This represents a $1.20 annualized dividend and a yield of 10.60%. The ex-dividend date of this dividend is Friday, September 17th.
Shares of ACP opened at $11.32 on Wednesday. The stock has a fifty day moving average of $11.29 and a two-hundred day moving average of $11.53. Aberdeen Income Credit Strategies Fund has a fifty-two week low of $9.15 and a fifty-two week high of $12.67.
A hedge fund recently raised its stake in Aberdeen Income Credit Strategies Fund stock. Bank of America Corp DE lifted its position in shares of Aberdeen Income Credit Strategies Fund (NYSE:ACP) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,655 shares of the investment management company’s stock after buying an additional 3,000 shares during the period. Bank of America Corp DE’s holdings in Aberdeen Income Credit Strategies Fund were worth $419,000 as of its most recent SEC filing.
Aberdeen Income Credit Strategies Fund operates as a global credit, non diversified and closed-end management investment company. It intends to seek risk-adjusted returns with high current income and the potential for capital appreciation. The company was founded on October 12, 2010 and is headquartered in Philadelphia, PA.
Featured Article: How Investors Can Profit from Options Trading
Receive News & Ratings for Aberdeen Income Credit Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Income Credit Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.