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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.11 per share by the investment management company on Friday, May 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend is Wednesday, May 15th.

DoubleLine Opportunistic Credit Fund Stock Performance

NYSE DBL traded down $0.10 on Thursday, hitting $14.92. The stock had a trading volume of 128,531 shares, compared to its average volume of 59,352. DoubleLine Opportunistic Credit Fund has a 52-week low of $13.75 and a 52-week high of $15.70. The firm has a 50-day moving average of $15.11 and a 200-day moving average of $14.98.

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.