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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, November 2nd. Investors of record on Wednesday, November 18th will be given a dividend of $0.11 per share by the investment management company on Monday, November 30th. This represents a $1.32 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Wednesday, November 18th.

DoubleLine Opportunistic Credit Fund Trading Up 0.6%

NYSE:DBL opened at $13.61 on Wednesday. The firm’s fifty day moving average price is $13.73 and its 200 day moving average price is $14.30. DoubleLine Opportunistic Credit Fund has a 1-year low of $12.94 and a 1-year high of $15.57.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Verus Capital Partners LLC increased its position in DoubleLine Opportunistic Credit Fund by 3.8% during the 3rd quarter. Verus Capital Partners LLC now owns 26,171 shares of the investment management company’s stock worth $355,000 after purchasing an additional 967 shares during the period. Aviance Capital Partners LLC raised its stake in shares of DoubleLine Opportunistic Credit Fund by 10.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 123,106 shares of the investment management company’s stock worth $1,668,000 after buying an additional 11,809 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 17.5% in the 3rd quarter. Park Avenue Securities LLC now owns 71,196 shares of the investment management company’s stock valued at $965,000 after buying an additional 10,589 shares during the period. Sigma Planning Corp acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter valued at approximately $203,000. Finally, Evergreen Capital Management LLC boosted its stake in shares of DoubleLine Opportunistic Credit Fund by 34.3% in the third quarter. Evergreen Capital Management LLC now owns 753,047 shares of the investment management company’s stock valued at $10,204,000 after buying an additional 192,378 shares in the last quarter.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide investors with current income and long-term total return by investing in a diversified portfolio of credit-related fixed-income securities.

The fund may invest across a range of opportunistic credit markets, including corporate bonds and loans, mortgage- and asset-backed securities, structured credit, and other debt instruments. Its portfolio can include securities issued by U.S.