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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.11 per share by the investment management company on Friday, January 31st. This represents a $1.32 annualized dividend and a yield of 8.51%. The ex-dividend date of this dividend is Wednesday, January 15th.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of NYSE DBL remained flat at $15.51 during midday trading on Friday. The stock had a trading volume of 25,314 shares, compared to its average volume of 29,207. The company’s 50-day simple moving average is $15.45 and its 200 day simple moving average is $15.58. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.49 and a 1-year high of $16.25.

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.