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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Wednesday, October 16th will be paid a dividend of 0.11 per share by the investment management company on Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend is Wednesday, October 16th.

DoubleLine Opportunistic Credit Fund Price Performance

DoubleLine Opportunistic Credit Fund stock traded up $0.05 during trading on Wednesday, reaching $15.87. The company had a trading volume of 960 shares, compared to its average volume of 52,886. DoubleLine Opportunistic Credit Fund has a 12-month low of $13.75 and a 12-month high of $16.25. The stock’s 50 day moving average price is $15.80 and its two-hundred day moving average price is $15.38.

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.