DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.11 per share by the investment management company on Monday, March 31st. This represents a $1.32 annualized dividend and a yield of 8.42%. The ex-dividend date of this dividend is Wednesday, March 19th.
DoubleLine Opportunistic Credit Fund has decreased its dividend by an average of 3.7% annually over the last three years.
DoubleLine Opportunistic Credit Fund Price Performance
NYSE:DBL traded down $0.05 during midday trading on Tuesday, hitting $15.67. 33,909 shares of the stock were exchanged, compared to its average volume of 54,295. DoubleLine Opportunistic Credit Fund has a one year low of $14.49 and a one year high of $16.25. The business has a 50-day moving average price of $15.63 and a two-hundred day moving average price of $15.63.
DoubleLine Opportunistic Credit Fund Company Profile
DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.
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