DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, February 19th will be given a dividend of 0.11 per share by the investment management company on Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date is Wednesday, February 19th.
DoubleLine Opportunistic Credit Fund has decreased its dividend payment by an average of 0.7% per year over the last three years.
DoubleLine Opportunistic Credit Fund Trading Up 0.4 %
Shares of DoubleLine Opportunistic Credit Fund stock traded up $0.06 during trading on Tuesday, reaching $15.80. The company’s stock had a trading volume of 52,230 shares, compared to its average volume of 60,047. The business’s fifty day moving average price is $15.55 and its 200-day moving average price is $15.62. DoubleLine Opportunistic Credit Fund has a one year low of $14.49 and a one year high of $16.25.
About DoubleLine Opportunistic Credit Fund
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.
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