DoubleLine Yield Opportunities Fund Declares Monthly Dividend of $0.12 (NYSE:DLY)

DoubleLine Yield Opportunities Fund (NYSE:DLY) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Wednesday, January 14th will be given a dividend of 0.1167 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Wednesday, January 14th.

DoubleLine Yield Opportunities Fund Price Performance

NYSE DLY traded up $0.06 during trading on Friday, hitting $14.60. 256,437 shares of the company traded hands, compared to its average volume of 189,393. DoubleLine Yield Opportunities Fund has a 12 month low of $13.69 and a 12 month high of $16.38. The business has a fifty day simple moving average of $14.61 and a 200 day simple moving average of $15.08.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its holdings in DoubleLine Yield Opportunities Fund by 2.9% during the first quarter. Raymond James Financial Inc. now owns 272,807 shares of the company’s stock valued at $4,392,000 after purchasing an additional 7,770 shares during the last quarter. Comerica Bank boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 93.7% during the 1st quarter. Comerica Bank now owns 29,769 shares of the company’s stock worth $479,000 after buying an additional 14,404 shares during the period. Royal Bank of Canada raised its holdings in DoubleLine Yield Opportunities Fund by 12.5% in the 1st quarter. Royal Bank of Canada now owns 579,578 shares of the company’s stock worth $9,331,000 after acquiring an additional 64,369 shares during the period. NewEdge Advisors LLC raised its holdings in DoubleLine Yield Opportunities Fund by 18.5% in the 1st quarter. NewEdge Advisors LLC now owns 35,150 shares of the company’s stock worth $566,000 after acquiring an additional 5,500 shares during the period. Finally, Maridea Wealth Management LLC lifted its position in DoubleLine Yield Opportunities Fund by 3.8% during the 2nd quarter. Maridea Wealth Management LLC now owns 106,589 shares of the company’s stock worth $1,662,000 after acquiring an additional 3,913 shares during the last quarter.

About DoubleLine Yield Opportunities Fund

DoubleLine Yield Opportunities Fund (NYSE: DLY) is an actively managed closed-end interval fund designed to deliver total return through a diversified portfolio of fixed income securities. Since its introduction in mid-2021, the fund has sought to generate income and capital appreciation by investing across a broad spectrum of credit markets, including corporate debt, asset-backed and mortgage-backed securities, emerging markets debt, and other income-oriented instruments.

The fund’s primary investment strategy emphasizes rigorous credit analysis and sector diversification.