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Abrdn Income Credit Strategies Fund NYSE:ACP Stock Report

Last Price

US$7.01

Market Cap

US$365.3m

7D

2.0%

1Y

3.9%

Updated

18 Mar, 2024

Data

Company Financials

Abrdn Income Credit Strategies Fund

NYSE:ACP Stock Report

Market Cap: US$365.3m

ACP Stock Overview

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited.

ACP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends2/6

Abrdn Income Credit Strategies Fund Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Abrdn Income Credit Strategies Fund
Historical stock prices
Current Share PriceUS$7.01
52 Week HighUS$7.17
52 Week LowUS$5.55
Beta1.0
1 Month Change2.79%
3 Month Change0.14%
1 Year Change3.85%
3 Year Change-40.84%
5 Year Change-41.04%
Change since IPO-64.95%

Recent News & Updates

Recent updates

ACP: Strong Sell Despite 17% Distribution Rate

Jan 03

ACP: About To Get Larger Again (Rating Downgrade)

Oct 25

ACP Vs. FCO: Comparing Abrdn's 14% And 17% Yielding Credit Funds

Sep 06

abrdn Income Credit Strategies Fund  declares $0.10 dividend

Feb 10

ACP: Time To Take Some Profits On This 15% Yielding CEF

Jan 30

Aberdeen Income Credit Strategies Fund goes ex dividend on monday

Jan 20

Aberdeen Income Credit Strategies Fund declares $0.10 dividend

Dec 12

ACP: High Yield From International Sources

Dec 06

Aberdeen Income Credit Strategies Fund declares $0.10 dividend

Nov 10

Aberdeen Income Credit Strategies Fund goes ex dividend tomorrow

Oct 20

ACP: 30% Return In 2 Years If You Can Stomach Volatility

Sep 20

Aberdeen Income Credit Strategies Fund: High Yield, High Risk, Diversified Bond CEF

Aug 11

ACP - Still A Sell At These Levels

Mar 10

ACP Has Been Good To Us; Now It's Time To Say Good-Bye

Jan 11

Credit Investing (Part 2): Focus On ACP And FCT

Sep 23

ACP: Rights Offering Post-Mortem

Jul 01

ACP: Rights Offering Analysis

May 28

Aberdeen Income Credit Strategies Fund declares $0.10 dividend

May 10

Aberdeen Income Credit Strategies Fund launches preferred shares offering

Apr 28

Aberdeen Income Credit Strategies Fund declares $0.10 dividend

Jan 12

Aberdeen Income Credit Strategies Fund declares $0.10 dividend

Dec 09

Shareholder Returns

ACPUS Capital MarketsUS Market
7D2.0%-0.9%0.5%
1Y3.9%30.5%29.0%

Return vs Industry: ACP underperformed the US Capital Markets industry which returned 30.8% over the past year.

Return vs Market: ACP underperformed the US Market which returned 28.4% over the past year.

Price Volatility

Is ACP's price volatile compared to industry and market?
ACP volatility
ACP Average Weekly Movement1.7%
Capital Markets Industry Average Movement3.3%
Market Average Movement6.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: ACP has not had significant price volatility in the past 3 months.

Volatility Over Time: ACP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aChristian Pittardhttps://www.aberdeenacp.com/

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 Fundamentals Summary

How do Abrdn Income Credit Strategies Fund's earnings and revenue compare to its market cap?
ACP fundamental statistics
Market capUS$365.29m
Earnings (TTM)US$28.17m
Revenue (TTM)US$37.69m

13.0x

P/E Ratio

9.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ACP income statement (TTM)
RevenueUS$37.69m
Cost of RevenueUS$0
Gross ProfitUS$37.69m
Other ExpensesUS$9.52m
EarningsUS$28.17m

Last Reported Earnings

Oct 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin100.00%
Net Profit Margin74.74%
Debt/Equity Ratio27.6%

How did ACP perform over the long term?

See historical performance and comparison

Dividends

17.1%

Current Dividend Yield

222%

Payout Ratio

Does ACP pay a reliable dividends?

See ACP dividend history and benchmarks
When do you need to buy ACP by to receive an upcoming dividend?
Abrdn Income Credit Strategies Fund dividend dates
Ex Dividend DateMar 20 2024
Dividend Pay DateMar 28 2024
Days until Ex dividend1 day
Days until Dividend pay date9 days

Does ACP pay a reliable dividends?

See ACP dividend history and benchmarks
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