Abrdn Income Credit Strategies Fund – NYSE:ACP

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$5.97

-0.08

-1.32%

Market closed

Open in 3 days

-11.81%

month

-11.81%

quarter

-12.45%

year

Market Cap	748.48M
Enterprise value	863.18M

P/E	6.56
EV/Sales	16.40
EV/EBITDA	372.55
Price/Sales	14.42
Price/Book	0.83
PEG ratio	-0.08
EPS	1.92

Revenue	1.57M
EBITDA	76.89M
Income	74.43M
Revenue Q/Q	N/A
Revenue Y/Y	N/A

Profit margin	93.55%
Oper. margin	72.59%
Gross margin	87.22%
EBIT margin	72.59%
EBITDA margin	4896.81%

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10 years history
Forward ratios (Analysts estimates)

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Abrdn Income Credit Strategies Fund (NYSE:ACP): Profit margin
Apr 2023	-38.70M	24.67M	-63.76%
Jul 2023	9.87M	2.26M	22.95%
Oct 2023	19.03M	5.59M	29.37%
Apr 2024	11.36M	41.90M	368.79%

Dividends

Paying a dividend greater than earnings.

Abrdn Income Credit Strategies Fund (NYSE:ACP): Payout ratio
Payout ratio	131.25%

Abrdn Income Credit Strategies Fund (NYSE:ACP): Dividend Yield
2019	12.15%
2020	14.26%
2021	9.25%
2022	19.49%
2023	34.33%

ACP dividends history

Abrdn Income Credit Strategies Fund (NYSE:ACP): Debt to assets
Apr 2023	529019098	162.69M	30.75%
Jul 2023	486069435	106.22M	21.85%
Oct 2023	486069435	146.22M	30.08%
Apr 2024	518006836	128.57M	24.82%

Abrdn Income Credit Strategies Fund (NYSE:ACP): Cash Flow
Apr 2023	30.55M	-193.66M	191.99M
Jul 2023	90.07M	0	-112.23M
Oct 2023	-17.00M	179.65M	-224.46M
Apr 2024	7.83M	37.23M	-32.31M

Abrdn Income Credit Strategies Fund
Insider Trading

Abrdn Income Credit Strategies Fund (NYSE:ACP): Insider trades (number of shares)
Period	Buy	Sel
Oct 2021	1000	0

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Purchase	18 Oct 2021	BIRD STEPHEN director director	Common Stock	1,000	$11.25	$11,250
Purchase	10 Mar 2020	MAASBACH NANCY YAO director director	Common Stock	100	$10.2	$1,020
Purchase	23 Jan 2020	MAASBACH NANCY YAO director director	Common Stock	900	$11.51	$10,359
Purchase	2 Oct 2018	TAKIAN RANDY director director	Common Stock	1,000	$14.27	$14,270
Purchase	13 Jun 2018	MALONE PETER GERALD director director	Common Stock	1,000	$14.11	$14,109
Purchase	19 Mar 2018	KUMAR NISHA director director	Common Stock	1,000	$13.87	$13,874
Purchase	12 Jan 2018	SIEVWRIGHT JOHN P. director director	Common Stock	5,000	$14.4	$71,975

ACP insider trading transactions

Abrdn Income Credit Strategies Fund
Latest News

Tuesday, 24 December 2024
10:46	ACP: This High Yield Credit CEF Is Starting To Look Interesting After The Recent Distribution Cut	seekingalpha.com
Tuesday, 10 December 2024
16:17	abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months	accesswire.com
Wednesday, 27 November 2024
15:18	Acadia: Scope Of Company Goes Beyond Recent SAN711 Licensing Deal For ET	seekingalpha.com
Monday, 11 November 2024
16:17	abrdn U.S. Closed-End Funds Announce Distribution Payment Details	accesswire.com
Saturday, 2 November 2024
07:00	Charter Earnings: Market Relief May Be Premature, There Were Some Red Flags	seekingalpha.com
Thursday, 31 October 2024
09:20	LyondellBasell Hostalen ACP Chosen by China Energy Group Ningxia Coal	zacks.com
Wednesday, 9 October 2024
16:27	abrdn U.S. Closed-End Funds Announce Distribution Payment Details	accesswire.com
Friday, 27 September 2024
09:15	ACP: 18% Yield, 3% Discount	seekingalpha.com
Monday, 23 September 2024
07:30	abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds with abrdn U.S. Closed-End Funds	accesswire.com
Tuesday, 10 September 2024
16:27	abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details	accesswire.com
Tuesday, 3 September 2024
10:27	ACP: Massive Yield Is Tempting, But Not Worth The Tradeoff	seekingalpha.com
Sunday, 1 September 2024
10:28	CEF Weekly Review: Reverse Splits Are Never A Good Sign	seekingalpha.com
Thursday, 22 August 2024
17:20	abrdn Income Credit Strategies Fund Announces Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund	accesswire.com
Monday, 12 August 2024
20:06	Charter Communications Sees a Customer Drop Post-ACP, Seeks New Ways to Retain Clients	pymnts.com
Friday, 9 August 2024
16:17	abrdn U.S. Closed-End Funds Announce Distribution Payment Details	accesswire.com
Friday, 26 July 2024
07:15	abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund	accesswire.com
Monday, 22 July 2024
07:15	abrdn Income Credit Strategies Fund (ACP) and First Trust High Income Long/Short Fund (FSD) Announce Closing of Reorganization	accesswire.com
Tuesday, 9 July 2024
16:37	abrdn Income Credit Strategies Fund Announces Closing Date for Acquisition of Assets From First Trust High Income Long/Short Fund and Announces Distribution Payment Details	accesswire.com
Wednesday, 26 June 2024
12:29	ACP: I Love This 18% Yielding Global Credit Fund, And It's About To Get Even Better	seekingalpha.com
Wednesday, 19 June 2024
05:49	Readers Identify 29 Ideal May Dividend Buys	seekingalpha.com
Wednesday, 12 June 2024
07:04	Alliance of Comprehensive Planners (ACP) Shares Details on 2024 Annual Conference	businesswire.com
Tuesday, 11 June 2024
16:17	abrdn U.S. Closed-End Funds Announce Distribution Payment Details	accesswire.com
Sunday, 2 June 2024
06:47	ACP: Strained Distribution, But Okay If You Can Handle The Risk	seekingalpha.com
Friday, 31 May 2024
16:25	abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust High Income Long/Short Fund	accesswire.com
Monday, 20 May 2024
09:36	The Guns US Federal Agents Use Every Day	https://247wallst.com
Thursday, 16 May 2024
19:35	abrdn U.S. Closed-End Funds Announce Results of Annual Meeting of Shareholders	accesswire.com
Thursday, 9 May 2024
16:17	abrdn U.S. Closed-End Funds Announce Distribution Payment Details	accesswire.com
12:00	NOW Available: Comcast Launches NOW Brand Prepaid Internet and Mobile Services Nationwide	businesswire.com
Friday, 26 April 2024
09:30	Want $3,000 In Passive Income? Invest $2,000 Into These 8 Dividend Stocks	247wallst.com
Wednesday, 24 April 2024
10:30	Want $3,000 In Passive Income? Invest $1,000 Into These 15 Dividend Stocks	24/7 Wall Street

Ideas & Opinions

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Frequently Asked Questions (FAQ)

What's the price of Abrdn Income Credit Strategies Fund stock today?

One share of Abrdn Income Credit Strategies Fund stock can currently be purchased for approximately $5.97.
When is Abrdn Income Credit Strategies Fund's next earnings date?

Unfortunately, Abrdn Income Credit Strategies Fund's (ACP) next earnings date is currently unknown.
Does Abrdn Income Credit Strategies Fund pay dividends?

Yes, Abrdn Income Credit Strategies Fund pays dividends and its trailing 12-month yield is 18.18% with 131% payout ratio.It means that the company is paying a dividend greater than earnings. The last Abrdn Income Credit Strategies Fund stock dividend of $0.1 was paid on 31 Jan 2022.
How much money does Abrdn Income Credit Strategies Fund make?

Abrdn Income Credit Strategies Fund has a market capitalization of 748.48M and it's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 163.88% to 37.69M US dollars.
What is Abrdn Income Credit Strategies Fund's stock symbol?

Abrdn Income Credit Strategies Fund is traded on the NYSE under the ticker symbol "ACP".
What is Abrdn Income Credit Strategies Fund's primary industry?

Company operates in the Financial Services sector and Asset Management - Income industry.
How do i buy shares of Abrdn Income Credit Strategies Fund?

Shares of Abrdn Income Credit Strategies Fund can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
When Abrdn Income Credit Strategies Fund went public?

Abrdn Income Credit Strategies Fund is publicly traded company for more then 14 years since IPO on 27 Jan 2011.
What is Abrdn Income Credit Strategies Fund's official website?

The official website for Abrdn Income Credit Strategies Fund is aberdeenacp.com.
How can i contact Abrdn Income Credit Strategies Fund?

Abrdn Income Credit Strategies Fund can be reached via phone at +1 215 405 5700.

Abrdn Income Credit Strategies Fund

aberdeenacp.com

Exchange:

NYSE

Full time employees:

Industry:

Asset Management - Income

Sector:

Financial Services

Abrdn 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. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.

+1 215 405 5700

10 Queens Terrace
Aberdeen, AB10 1YG

CIK: 0001503290
ISIN: US0030571063
CUSIP: 003057106