DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) declared a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be given a dividend of $0.11 per share by the investment management company on Friday, October 30th. This represents a $1.32 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, October 14th.
DoubleLine Opportunistic Credit Fund Trading Up 0.9%
Shares of NYSE:DBL opened at $13.69 on Friday. The firm’s 50-day moving average is $14.01 and its 200 day moving average is $14.23. DoubleLine Opportunistic Credit Fund has a 12 month low of $13.41 and a 12 month high of $15.79.
Institutional Trading of DoubleLine Opportunistic Credit Fund
A number of institutional investors have recently bought and sold shares of DBL. Integrated Wealth Concepts LLC acquired a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at approximately $37,000. Fifth Third Bancorp purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter valued at about $55,000. Ascentis Independent Advisors purchased a new position in shares of DoubleLine Opportunistic Credit Fund during the 1st quarter valued at approximately $108,000. Maridea Wealth Management LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at about $177,000. Finally, Integrated Capital Management Inc. purchased a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth approximately $186,000.
About DoubleLine Opportunistic Credit Fund
DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through an actively managed portfolio of credit and fixed-income investments.
DBL invests across a range of opportunistic credit markets, including corporate debt, below-investment-grade and unrated securities, mortgage-related investments, bank loans, structured credit and other fixed-income instruments.
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