DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be given 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 dividend yield of 8.39%. The ex-dividend date is Wednesday, March 19th.
DoubleLine Opportunistic Credit Fund has decreased its dividend by an average of 3.7% per year over the last three years.
DoubleLine Opportunistic Credit Fund Trading Up 0.6 %
DBL opened at $15.73 on Monday. The company’s 50-day moving average price is $15.67 and its 200 day moving average price is $15.63. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $14.49 and a fifty-two week high of $16.25.
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.
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