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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.11 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Wednesday, September 16th.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of NYSE DBL traded down $0.04 during mid-day trading on Tuesday, reaching $14.09. 88,976 shares of the company were exchanged, compared to its average volume of 67,889. DoubleLine Opportunistic Credit Fund has a 52 week low of $13.95 and a 52 week high of $16.01. The company’s 50 day moving average price is $14.18 and its 200 day moving average price is $14.40.

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.