DoubleLine Income Solutions Fund (NYSE:DSL) to Issue $0.11 Monthly Dividend

DoubleLine Income Solutions Fund (NYSE:DSL) 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 on Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date is Wednesday, October 16th.

DoubleLine Income Solutions Fund has decreased its dividend payment by an average of 9.1% annually over the last three years.

DoubleLine Income Solutions Fund Price Performance

Shares of DoubleLine Income Solutions Fund stock traded down $0.02 during trading hours on Wednesday, reaching $12.92. The company had a trading volume of 48,836 shares, compared to its average volume of 386,850. The business has a fifty day simple moving average of $12.84 and a 200 day simple moving average of $12.62. DoubleLine Income Solutions Fund has a one year low of $10.22 and a one year high of $13.24.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.