DoubleLine Opportunistic Credit Fund (DBL) to Issue Monthly Dividend of $0.11 on November 28th

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, November 3rd. Investors of record on Wednesday, November 19th will be paid a dividend of 0.11 per share by the investment management company on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Wednesday, November 19th.

DoubleLine Opportunistic Credit Fund Stock Performance

DBL opened at $15.36 on Wednesday. The firm’s 50-day moving average price is $15.53 and its 200 day moving average price is $15.46. DoubleLine Opportunistic Credit Fund has a twelve month low of $14.49 and a twelve month high of $16.01.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth approximately $44,000. Total Investment Management Inc. purchased a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth approximately $65,000. XTX Topco Ltd purchased a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth approximately $156,000. Blackhawk Capital Partners LLC purchased a new stake in DoubleLine Opportunistic Credit Fund during the 3rd quarter worth approximately $163,000. Finally, World Equity Group Inc. increased its stake in DoubleLine Opportunistic Credit Fund by 7.2% during the 3rd quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock worth $173,000 after buying an additional 750 shares during the period.

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.