Doubleline Opportunistic Credit Fund (NYSE:DBL) Announces Dividend Increase – $0.20 Per Share

Doubleline Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.20 per share by the investment management company on Tuesday, December 31st. This represents a $2.40 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from Doubleline Opportunistic Credit Fund’s previous monthly dividend of $0.11.

Shares of DBL opened at $20.71 on Monday. The firm has a 50 day simple moving average of $20.71 and a 200-day simple moving average of $20.71. Doubleline Opportunistic Credit Fund has a 1-year low of $18.05 and a 1-year high of $21.30.

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.

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Dividend History for Doubleline Opportunistic Credit Fund (NYSE:DBL)

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