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Forbes
206 days

Wall Street Is Missing The Boat On These Monthly Dividends

1. Monthly dividend stocks offer yields between 7.2% and 15.4%. 2. Abrdn Income Credit Strategies Fund (ACP) provides a significant yield of 15.4%. 3. ACP's distribution is set to decrease from 10 cents to 7.75 cents monthly. 4. Historical discounts to NAV for ACP have been volatile, impacting investor sentiment. 5. High-yield debt exposure in ACP is risky, primarily holding B and CCC-rated bonds.

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FAQ

Why Bearish?

The upcoming reduction in ACP's dividend may deter investors, reminiscent of prior distribution cuts impacting stock prices negatively.

How important is it?

Given the significance of dividend yields to investors, this article's focus on ACP's yield and impending reduction will likely influence market behavior.

Why Short Term?

The immediate effect of the dividend cut is likely to affect ACP's stock performance rapidly.

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