DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.11 per share by the investment management company on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date is Wednesday, January 15th.
DoubleLine Opportunistic Credit Fund has decreased its dividend payment by an average of 1.3% per year over the last three years.
DoubleLine Opportunistic Credit Fund Stock Performance
NYSE DBL opened at $15.54 on Monday. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.49 and a 1-year high of $16.25. The business has a 50 day simple moving average of $15.48 and a two-hundred day simple moving average of $15.60.
About DoubleLine Opportunistic Credit Fund
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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