DoubleLine Opportunistic Credit Fund (NYSE:DBL) Announces Monthly Dividend of $0.11

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, August 3rd. Investors of record on Wednesday, August 19th will be paid a dividend of 0.11 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Wednesday, August 19th.

DoubleLine Opportunistic Credit Fund Trading Up 0.4%

DBL stock traded up $0.06 during trading on Monday, reaching $14.10. The company’s stock had a trading volume of 26,015 shares, compared to its average volume of 70,414. DoubleLine Opportunistic Credit Fund has a 1 year low of $13.95 and a 1 year high of $16.01. The company’s fifty day moving average is $14.28 and its 200-day moving average is $14.55.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several institutional investors have recently made changes to their positions in DBL. Rockefeller Capital Management L.P. raised its stake in DoubleLine Opportunistic Credit Fund by 66.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 42,761 shares of the investment management company’s stock valued at $652,000 after purchasing an additional 17,140 shares during the period. Maridea Wealth Management LLC bought a new position in DoubleLine Opportunistic Credit Fund in the 1st quarter worth approximately $177,000. Absolute Investment Advisers LLC purchased a new stake in DoubleLine Opportunistic Credit Fund during the 1st quarter valued at approximately $2,820,000. Apriem Advisors grew its holdings in DoubleLine Opportunistic Credit Fund by 19.9% during the 4th quarter. Apriem Advisors now owns 24,110 shares of the investment management company’s stock valued at $368,000 after buying an additional 4,000 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in shares of DoubleLine Opportunistic Credit Fund by 2.0% during the fourth quarter. Sit Investment Associates Inc. now owns 3,469,728 shares of the investment management company’s stock valued at $52,913,000 after buying an additional 68,213 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.