DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) announced a monthly dividend on Friday, May 1st. Investors of record on Wednesday, May 13th will be given a dividend of 0.11 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Wednesday, May 13th.
DoubleLine Income Solutions Fund Stock Up 0.3%
DoubleLine Income Solutions Fund stock traded up $0.04 during midday trading on Friday, hitting $11.15. 434,591 shares of the company’s stock were exchanged, compared to its average volume of 617,211. The firm has a 50-day moving average of $11.03 and a two-hundred day moving average of $11.30. DoubleLine Income Solutions Fund has a 12 month low of $10.49 and a 12 month high of $12.67.
Hedge Funds Weigh In On DoubleLine Income Solutions Fund
A number of hedge funds and other institutional investors have recently modified their holdings of DSL. Eastern Bank bought a new position in DoubleLine Income Solutions Fund in the third quarter worth approximately $37,000. CX Institutional bought a new stake in DoubleLine Income Solutions Fund during the 3rd quarter valued at $63,000. Advisory Services Network LLC bought a new stake in DoubleLine Income Solutions Fund during the 3rd quarter valued at $86,000. Blue Trust Inc. purchased a new position in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at $89,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of DoubleLine Income Solutions Fund in the 3rd quarter worth $123,000.
About DoubleLine Income Solutions Fund
The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.
The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.
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