abrdn Income Credit Strategies Fund (ACP) Soars 0.85% on Dividend Announcement, Insider Buying

abrdn Income Credit (ACP) has surged 0.85%, marking its fifth consecutive day of gains, with a total increase of 1.03% over the past five days.

The strategy of buying ACP shares after they reached a recent peak and holding for 1 week showed poor performance over the past 5 years. The annualized return was -1.2%, significantly underperforming the market. This indicates that waiting for local maxima and holding for a short duration is not a profitable strategy for ACP.

One of the key factors influencing the stock price of abrdn Income Credit Strategies Fund (ACP) is the recent dividend announcement. The fund declared a monthly dividend of $0.0775 per share, with a forward yield of 15.9%. This dividend is payable on June 30, 2025, to shareholders of record on June 23, 2025. Such announcements often boost investor sentiment and can drive stock prices higher.

Additionally, insider trading activity has also played a role in the recent performance of ACP. Director Yao Nancy purchased $5,770 worth of shares, increasing her direct ownership by 75% to 2,333 units. Insider buying is generally viewed as a positive signal, as it indicates confidence in the fund's future prospects. This activity can attract more investors and contribute to the upward momentum of the stock price.