DoubleLine Yield Opportunities Fund (NYSE:DLY) Plans Monthly Dividend of $0.12

DoubleLine Yield Opportunities Fund (NYSE:DLY) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.1167 per share on Friday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, October 14th.

DoubleLine Yield Opportunities Fund Stock Performance

NYSE DLY traded down $0.04 on Thursday, reaching $13.34. 415,643 shares of the company were exchanged, compared to its average volume of 202,376. The business’s fifty day moving average price is $13.78 and its 200 day moving average price is $13.92. DoubleLine Yield Opportunities Fund has a fifty-two week low of $12.95 and a fifty-two week high of $15.26.

Institutional Trading of DoubleLine Yield Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Aviance Capital Partners LLC raised its stake in shares of DoubleLine Yield Opportunities Fund by 31.8% in the 1st quarter. Aviance Capital Partners LLC now owns 43,525 shares of the company’s stock valued at $606,000 after acquiring an additional 10,499 shares during the period. Independent Financial Group LLC purchased a new position in shares of DoubleLine Yield Opportunities Fund during the first quarter worth $3,142,000. Journey Advisory Group LLC raised its holdings in shares of DoubleLine Yield Opportunities Fund by 0.9% in the 1st quarter. Journey Advisory Group LLC now owns 198,768 shares of the company’s stock valued at $2,767,000 after buying an additional 1,842 shares during the period. Sanctuary Advisors LLC lifted its stake in DoubleLine Yield Opportunities Fund by 22.3% during the 1st quarter. Sanctuary Advisors LLC now owns 70,849 shares of the company’s stock worth $986,000 after acquiring an additional 12,927 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in DoubleLine Yield Opportunities Fund during the 1st quarter valued at about $694,000.

DoubleLine Yield Opportunities Fund Company Profile

DoubleLine Yield Opportunities Fund (NYSE: DLY) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide a high level of current income and, as a secondary objective, total return through a flexible global fixed-income investment strategy.

DLY invests across a range of credit and income-producing assets, including corporate bonds, leveraged loans, structured and securitized products, government and emerging-market debt, and other fixed-income instruments.