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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Wednesday, April 16th will be given a dividend of 0.11 per share by the investment management company on Wednesday, April 30th. This represents a $1.32 annualized dividend and a dividend yield of 8.41%. The ex-dividend date of this dividend is Wednesday, April 16th.

DoubleLine Opportunistic Credit Fund has decreased its dividend payment by an average of 3.7% annually over the last three years.

DoubleLine Opportunistic Credit Fund Trading Up 0.4 %

DoubleLine Opportunistic Credit Fund stock opened at $15.69 on Thursday. The firm’s 50 day moving average price is $15.68 and its two-hundred day moving average price is $15.60. DoubleLine Opportunistic Credit Fund has a twelve month low of $14.49 and a twelve month high of $16.25.

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.