DoubleLine Opportunistic Credit Fund to Issue Monthly Dividend of $0.11 (NYSE:DBL)

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Monday, November 4th, Wall Street Journal reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.11 per share by the investment management company on Friday, November 29th. This represents a $1.32 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date is Wednesday, November 13th.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of DBL stock traded up $0.07 during trading hours on Monday, reaching $15.36. 39,869 shares of the company’s stock were exchanged, compared to its average volume of 55,051. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.01 and a 1 year high of $16.25. The company’s 50 day moving average is $15.74 and its two-hundred day moving average is $15.45.

About DoubleLine Opportunistic Credit Fund

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.