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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Wednesday, August 14th will be paid a dividend of 0.11 per share by the investment management company on Friday, August 30th. This represents a $1.32 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend is Wednesday, August 14th.

DoubleLine Opportunistic Credit Fund Stock Performance

DoubleLine Opportunistic Credit Fund stock traded up $0.03 during trading on Tuesday, hitting $15.68. The company’s stock had a trading volume of 6,401 shares, compared to its average volume of 50,635. The stock’s fifty day moving average is $15.39 and its 200 day moving average is $15.23. DoubleLine Opportunistic Credit Fund has a 1-year low of $13.75 and a 1-year high of $15.85.

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.