SmarterDividends
ACP

Abrdn Income Credit Strategies Fund

ACP

Financial Services · Asset Management · Stock · monthly payer

$4.15

Undervalued · +86% Add to Portfolio

Forward Yield

15.90%

Annual Dividend

$0.66

Payout Ratio

154%

5-Yr Growth

-6.8%

Ex-Date

Oct 23, 2026

Frequency

Monthly

Key facts about ACP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Abrdn Income Credit Strategies Fund (ACP) has a forward dividend yield of 15.90%, based on an annual dividend of $0.66 per share and a share price of $4.15.
  • As of Oct 27, 2026, ACP's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
  • ACP last cut its regular dividend in 2025.
  • ACP's most recent ex-dividend date was Oct 23, 2026, for a dividend of $0.0550 per share.
  • As of Oct 27, 2026, ACP pays out 154% of its trailing 12-month earnings as dividends (its payout ratio).
  • ACP's dividend has shrunk at an average rate of 6.8% a year over the past five years.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for ACP is $7.71 per share, 86% above the $4.15 share price, so ACP screens as undervalued.
  • Abrdn Income Credit Strategies Fund (ACP) pays its dividend monthly, 12 times a year.
  • Abrdn Income Credit Strategies Fund (ACP) has raised its regular dividend 3 times and cut it 4 times across the 188 payments on record since 2011. Its most recent change was a 29.5% cut to $0.0550 per share, going ex-dividend on Sep 22, 2026.
Cite this page

SmarterDividends, "ACP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/ACP

Summary

As of Oct 27, 2026, Abrdn Income Credit Strategies Fund (ACP) yields 15.90% ($0.66 a year per share) and has a dividend safety grade of C (52/100).

Is ACP a good dividend stock?

Mixed

Abrdn Income Credit Strategies Fund (ACP) pays a monthly dividend yielding 15.90% ($0.66/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2025
    • Elevated payout ratio (154%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    15.90%
    Payout Ratio
    154%
    Annual Dividend
    $0.66
    5-Yr Avg Growth
    -6.8%
    Ex-Dividend Date
    Oct 23, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.79
    Market Cap
    $520.7M
    P/E Ratio
    6.8
    5-Yr Total Return
    -61%
    52-Week Range
    $4.13 – $5.76
    Dividend Safety
    C · 52/100
    Ever Cut?
    Yes (2025)

    ACP dividend raises and cuts

    Abrdn Income Credit Strategies Fund (ACP) has raised its regular dividend 3 times and cut it 4 times across the 188 payments on record since 2011. Its most recent change was a 29.5% cut to $0.0550 per share, going ex-dividend on Sep 22, 2026.

    Ex-dateChangeOld → newMove
    Sep 22, 2026Cut$0.0780 → $0.0550−29.5%
    Dec 30, 2024Cut$0.100 → $0.0780−22.0%
    May 20, 2021Raise$0.0979 → $0.100+2.1%
    Sep 18, 2020Cut$0.118 → $0.0979−16.7%
    Oct 18, 2019Raise$0.115 → $0.118+2.6%
    May 13, 2013Raise$0.112 → $0.115+2.7%
    Dec 28, 2011Cut$0.121 → $0.112−7.7%
    Every ACP payment →Download every raise and cut (CSV)
    ACP ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →ACP dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is ACP a good dividend stock?

    Mixed. Abrdn Income Credit Strategies Fund (ACP) pays a monthly dividend yielding 15.90% ($0.66/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is ACP undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ACP's fair value is about $7.71 versus a $4.15 share price — so it looks undervalued (+86% vs. fair value).

    Is ACP's dividend safe?

    ACP has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is ACP's fair value?

    Our blended fair-value estimate for ACP is about $7.71 per share, roughly 86% above the current $4.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is ACP a buy, hold, or sell?

    We don't issue formal ratings, but on the data ACP screens as "mixed" and undervalued. Abrdn Income Credit Strategies Fund (ACP) pays a monthly dividend yielding 15.90% ($0.66/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will ACP cut its dividend?

    ACP earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does ACP pay a dividend?

    Yes. Abrdn Income Credit Strategies Fund pays a monthly dividend of about $0.66 per share annually, a forward yield of roughly 15.90%.

    What is ACP's dividend yield?

    As of Oct 27, 2026, ACP's forward dividend yield is 15.90%, based on a $0.66 annual dividend and a $4.15 share price.

    What is ACP's dividend per share?

    As of Oct 27, 2026, ACP pays $0.66 per share per year, distributed on a monthly basis.

    What is ACP's dividend payout ratio?

    As of Oct 27, 2026, ACP's payout ratio is 154% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has ACP grown its dividend?

    ACP does not currently have a long dividend-growth streak on record.

    When is the next ACP ex-dividend date?

    As of Oct 27, 2026, ACP's next ex-dividend date hasn't been announced. The most recent was Oct 23, 2026, for $0.0550 per share.

    Income Calculator

    At $0.66 / yr per share

    Per payment (monthly)$5.50
    Annual$66.00
    Monthly avg$5.50

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