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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.11 per share by the investment management company on Monday, November 30th. This represents a $1.32 annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Wednesday, November 18th.

DoubleLine Opportunistic Credit Fund Stock Down 0.4%

Shares of NYSE DBL opened at $13.52 on Tuesday. DoubleLine Opportunistic Credit Fund has a 1 year low of $12.94 and a 1 year high of $15.57. The stock’s 50-day simple moving average is $13.74 and its 200-day simple moving average is $14.31.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of institutional investors have recently made changes to their positions in the business. Evergreen Capital Management LLC boosted its stake in shares of DoubleLine Opportunistic Credit Fund by 34.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 753,047 shares of the investment management company’s stock valued at $10,204,000 after buying an additional 192,378 shares during the last quarter. Avior Wealth Management LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 3.9% in the second quarter. Avior Wealth Management LLC now owns 596,287 shares of the investment management company’s stock valued at $8,575,000 after acquiring an additional 22,321 shares in the last quarter. Royal Bank of Canada boosted its stake in DoubleLine Opportunistic Credit Fund by 22.7% during the 1st quarter. Royal Bank of Canada now owns 375,823 shares of the investment management company’s stock valued at $5,487,000 after acquiring an additional 69,621 shares during the last quarter. Gridiron Partners LLC boosted its stake in DoubleLine Opportunistic Credit Fund by 6.5% during the 3rd quarter. Gridiron Partners LLC now owns 369,129 shares of the investment management company’s stock valued at $5,002,000 after acquiring an additional 22,678 shares during the last quarter. Finally, Journey Advisory Group LLC boosted its stake in DoubleLine Opportunistic Credit Fund by 1.1% during the 1st quarter. Journey Advisory Group LLC now owns 173,374 shares of the investment management company’s stock valued at $2,531,000 after acquiring an additional 1,944 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide investors with current income and long-term total return by investing in a diversified portfolio of credit-related fixed-income securities.

The fund may invest across a range of opportunistic credit markets, including corporate bonds and loans, mortgage- and asset-backed securities, structured credit, and other debt instruments. Its portfolio can include securities issued by U.S.