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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Friday, January 2nd. Investors of record on Wednesday, January 14th will be paid a dividend of 0.11 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, January 14th.

DoubleLine Opportunistic Credit Fund Stock Down 0.4%

NYSE DBL traded down $0.06 during trading hours on Friday, hitting $15.20. The company had a trading volume of 52,637 shares, compared to its average volume of 66,484. The firm’s 50 day moving average is $15.35 and its 200 day moving average is $15.41. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $14.49 and a fifty-two week high of $16.01.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.