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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.11 per share by the investment management company on Friday, October 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Wednesday, October 14th.

DoubleLine Opportunistic Credit Fund Trading Up 0.1%

Shares of NYSE DBL traded up $0.01 during trading hours on Thursday, hitting $13.56. 95,274 shares of the stock were exchanged, compared to its average volume of 69,657. The firm has a fifty day moving average price of $14.03 and a 200-day moving average price of $14.25. DoubleLine Opportunistic Credit Fund has a 12 month low of $13.41 and a 12 month high of $15.79.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through an actively managed portfolio of credit and fixed-income investments.

DBL invests across a range of opportunistic credit markets, including corporate debt, below-investment-grade and unrated securities, mortgage-related investments, bank loans, structured credit and other fixed-income instruments.