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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, June 1st. Shareholders of record on Wednesday, June 17th will be paid a dividend of 0.11 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Wednesday, June 17th.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of DBL traded down $0.05 during mid-day trading on Monday, hitting $14.36. The stock had a trading volume of 34,202 shares, compared to its average volume of 73,072. The business has a fifty day moving average price of $14.39 and a 200-day moving average price of $14.88. DoubleLine Opportunistic Credit Fund has a 52 week low of $14.07 and a 52 week high of $16.01.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.