DoubleLine Opportunistic Credit Fund (DBL) to Issue Monthly Dividend of $0.11 on April 30th

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be given a dividend of 0.11 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Wednesday, April 15th.

DoubleLine Opportunistic Credit Fund Stock Down 0.1%

DoubleLine Opportunistic Credit Fund stock traded down $0.02 during midday trading on Monday, hitting $14.46. 2,865 shares of the stock were exchanged, compared to its average volume of 72,895. DoubleLine Opportunistic Credit Fund has a 52-week low of $14.07 and a 52-week high of $16.01. The business’s 50-day moving average price is $14.75 and its 200-day moving average price is $15.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verus Capital Partners LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 3.8% during the third quarter. Verus Capital Partners LLC now owns 33,211 shares of the investment management company’s stock worth $517,000 after purchasing an additional 1,223 shares during the last quarter. Catawba River Capital boosted its holdings in DoubleLine Opportunistic Credit Fund by 6.0% during the third quarter. Catawba River Capital now owns 247,310 shares of the investment management company’s stock worth $3,853,000 after purchasing an additional 13,920 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 114.6% during the third quarter. Stratos Wealth Advisors LLC now owns 251,623 shares of the investment management company’s stock worth $3,920,000 after purchasing an additional 134,396 shares during the last quarter. Blackhawk Capital Partners LLC purchased a new position in DoubleLine Opportunistic Credit Fund during the third quarter worth about $163,000. Finally, Evergreen Capital Management LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 2.4% during the third quarter. Evergreen Capital Management LLC now owns 511,911 shares of the investment management company’s stock worth $7,976,000 after purchasing an additional 11,769 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.