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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 16th will be given a dividend of 0.11 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Wednesday, September 16th.

DoubleLine Opportunistic Credit Fund Price Performance

NYSE:DBL traded down $0.04 during trading hours on Tuesday, reaching $14.09. The company’s stock had a trading volume of 88,976 shares, compared to its average volume of 67,889. The firm has a 50-day simple moving average of $14.18 and a 200-day simple moving average of $14.40. DoubleLine Opportunistic Credit Fund has a 1 year low of $13.95 and a 1 year high of $16.01.

About DoubleLine Opportunistic Credit Fund

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.