DoubleLine Opportunistic Credit Fund (NYSE:DBL) Plans Monthly Dividend of $0.11

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Wednesday, July 17th will be paid a dividend of 0.11 per share by the investment management company on Wednesday, July 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date is Wednesday, July 17th.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of NYSE:DBL opened at $15.33 on Tuesday. The business has a 50-day moving average price of $15.08 and a 200-day moving average price of $15.18. DoubleLine Opportunistic Credit Fund has a 52-week low of $13.75 and a 52-week high of $15.70.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.