DoubleLine Income Solutions Fund (NYSE:DSL) to Issue Monthly Dividend of $0.11

DoubleLine Income Solutions Fund (NYSE:DSL) declared a monthly dividend on Friday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 14th will be given a dividend of 0.11 per share on Friday, May 30th. This represents a $1.32 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is Wednesday, May 14th.

DoubleLine Income Solutions Fund has decreased its dividend by an average of 9.6% annually over the last three years.

DoubleLine Income Solutions Fund Price Performance

Shares of NYSE DSL opened at $12.13 on Monday. The firm’s 50-day moving average price is $12.14 and its two-hundred day moving average price is $12.49. DoubleLine Income Solutions Fund has a 52-week low of $10.58 and a 52-week high of $13.24.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.