DoubleLine Opportunistic Credit Fund (DBL) to Issue Monthly Dividend of $0.11 on May 30th

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Friday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 14th will be paid a dividend of 0.11 per share by the investment management company on Friday, May 30th. This represents a $1.32 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend is Wednesday, May 14th.

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

DoubleLine Opportunistic Credit Fund Stock Performance

DoubleLine Opportunistic Credit Fund stock opened at $15.50 on Monday. The firm’s fifty day simple moving average is $15.49 and its 200-day simple moving average is $15.53. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.49 and a 1-year high of $16.25.

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.