DoubleLine Opportunistic Credit Fund (DBL) to Issue Monthly Dividend of $0.11 on June 30th

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, June 1st. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.11 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Wednesday, June 17th.

DoubleLine Opportunistic Credit Fund Price Performance

NYSE DBL opened at $14.35 on Wednesday. The company has a fifty day simple moving average of $14.38 and a 200 day simple moving average of $14.87. DoubleLine Opportunistic Credit Fund has a 12-month low of $14.07 and a 12-month high of $16.01.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in DoubleLine Opportunistic Credit Fund by 86.3% during the 3rd quarter. Bank of America Corp DE now owns 439,401 shares of the investment management company’s stock worth $6,846,000 after acquiring an additional 203,536 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in DoubleLine Opportunistic Credit Fund during the 1st quarter worth $2,820,000. Polar Asset Management Partners Inc. purchased a new position in DoubleLine Opportunistic Credit Fund during the 3rd quarter worth $2,593,000. Stratos Wealth Advisors LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 114.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 251,623 shares of the investment management company’s stock worth $3,920,000 after acquiring an additional 134,396 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in DoubleLine Opportunistic Credit Fund by 41.3% during the 4th quarter. Wells Fargo & Company MN now owns 268,441 shares of the investment management company’s stock worth $4,094,000 after acquiring an additional 78,416 shares during the last quarter.

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.