Abrdn Income Credit Strategies Fund
ACPFinancial Services · Stock · monthly payer
Forward Yield
18.27%
Annual Dividend
$0.93
Payout Ratio
141%
5-Yr Growth
-6.8%
Ex-Date
Aug 24, 2026
Frequency
Monthly
Summary
As of September 2026, Abrdn Income Credit Strategies Fund (ACP) yields 18.27% ($0.93 per share annually), with a blended fair-value estimate of $7.05 — +38% upside, so it screens as undervalued. Dividend safety grade: C (50/100).
Is ACP a good dividend stock?
MixedAbrdn Income Credit Strategies Fund (ACP) pays a monthly dividend yielding 18.27% ($0.93/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 (141%)
- 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
- 18.27%
- Payout Ratio
- 141%
- Annual Dividend
- $0.93
- 5-Yr Avg Growth
- -6.8%
- Ex-Dividend Date
- Aug 24, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.77
- Market Cap
- $627.4M
- P/E Ratio
- 7.7
- 5-Yr Total Return
- -54%
- 52-Week Range
- $4.99 – $5.94
- Dividend Safety
- C · 50/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
ACP Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-25%
5 Years
-54%
52-Week Range
$4.99 – $5.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ACP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Abrdn Income Credit Strategies Fund is $7.05 per share, versus a market price of $5.12. That implies 38% of upside — a margin of safety of about 27%.
Fair Value
$7.05
Current Price
$5.12
Upside
+38%
Margin of Safety
27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.4% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.1% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.67 EPS, $0.93 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ACP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.0780 | regular |
| Jul 23, 2026 | — | $0.0780 | regular |
| Jun 23, 2026 | — | $0.0780 | regular |
| May 21, 2026 | — | $0.0780 | regular |
| Apr 22, 2026 | — | $0.0780 | regular |
| Mar 24, 2026 | — | $0.0780 | regular |
| Feb 20, 2026 | — | $0.0780 | regular |
| Jan 23, 2026 | — | $0.0780 | regular |
| Dec 31, 2025 | — | $0.0780 | regular |
| Nov 21, 2025 | — | $0.0780 | regular |
| Oct 24, 2025 | — | $0.0780 | regular |
| Sep 23, 2025 | — | $0.0780 | regular |
| Aug 22, 2025 | — | $0.0780 | regular |
| Jul 24, 2025 | — | $0.0780 | regular |
Income Calculator
At $0.93 / yr per share
