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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, June 1st. Investors of record on Wednesday, June 17th will be given a dividend of 0.11 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Wednesday, June 17th.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of NYSE:DBL opened at $14.36 on Tuesday. The stock’s 50-day moving average price is $14.38 and its two-hundred day moving average price is $14.87. DoubleLine Opportunistic Credit Fund has a 12-month low of $14.07 and a 12-month high of $16.01.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. increased its position in DoubleLine Opportunistic Credit Fund by 2.0% during the fourth quarter. Sit Investment Associates Inc. now owns 3,469,728 shares of the investment management company’s stock worth $52,913,000 after purchasing an additional 68,213 shares during the last quarter. Evergreen Capital Management LLC increased its position in DoubleLine Opportunistic Credit Fund by 3.0% during the fourth quarter. Evergreen Capital Management LLC now owns 527,230 shares of the investment management company’s stock worth $8,040,000 after purchasing an additional 15,319 shares during the last quarter. Bank of America Corp DE increased its position in DoubleLine Opportunistic Credit Fund by 86.3% during the third quarter. Bank of America Corp DE now owns 439,401 shares of the investment management company’s stock worth $6,846,000 after purchasing an additional 203,536 shares during the last quarter. Royal Bank of Canada increased its position in DoubleLine Opportunistic Credit Fund by 22.7% during the first quarter. Royal Bank of Canada now owns 375,823 shares of the investment management company’s stock worth $5,487,000 after purchasing an additional 69,621 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in DoubleLine Opportunistic Credit Fund by 6.6% during the third quarter. Ameriprise Financial Inc. now owns 294,470 shares of the investment management company’s stock worth $4,587,000 after purchasing an additional 18,295 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

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.