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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.11 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

DoubleLine Opportunistic Credit Fund Stock Down 0.3%

DoubleLine Opportunistic Credit Fund stock traded down $0.05 during trading hours on Wednesday, hitting $14.33. 69,272 shares of the company traded hands, compared to its average volume of 72,419. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.07 and a 1-year high of $16.01. The firm’s 50-day simple moving average is $14.37 and its two-hundred day simple moving average is $14.72.

DoubleLine Opportunistic Credit Fund Company Profile

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.