Doubleline Opportunistic Credit Fund (NYSE:DBL) to Issue Monthly Dividend of $0.11
Doubleline Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Thursday, July 18th will be paid a dividend of 0.11 per share by the investment management company on Wednesday, July 31st. This represents a $1.32 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend is Wednesday, July 17th.
Doubleline Opportunistic Credit Fund has decreased its dividend by an average of 1.0% per year over the last three years.
Shares of Doubleline Opportunistic Credit Fund stock opened at $20.81 on Tuesday. The firm’s fifty day moving average is $20.73. Doubleline Opportunistic Credit Fund has a 12-month low of $18.05 and a 12-month high of $21.30.
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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