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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.38%. The ex-dividend date is Wednesday, February 19th.

DoubleLine Opportunistic Credit Fund has decreased its dividend payment by an average of 3.7% annually over the last three years.

DoubleLine Opportunistic Credit Fund Price Performance

DBL opened at $15.76 on Monday. DoubleLine Opportunistic Credit Fund has a one year low of $14.49 and a one year high of $16.25. The company’s 50 day simple moving average is $15.61 and its 200-day simple moving average is $15.64.

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.