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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, August 3rd. Shareholders 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) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Wednesday, August 19th.

DoubleLine Opportunistic Credit Fund Stock Up 0.4%

DBL traded up $0.06 during trading on Monday, hitting $14.10. The company’s stock had a trading volume of 26,015 shares, compared to its average volume of 70,414. The business’s 50 day simple moving average is $14.28 and its 200-day simple moving average is $14.55. DoubleLine Opportunistic Credit Fund has a one year low of $13.95 and a one year high of $16.01.

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.