DoubleLine Income Solutions Fund (NYSE:DSL) Plans $0.11 Monthly Dividend

DoubleLine Income Solutions Fund (NYSE:DSL) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.11 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Wednesday, July 15th.

DoubleLine Income Solutions Fund Stock Performance

Shares of DoubleLine Income Solutions Fund stock traded down $0.07 on Wednesday, hitting $10.99. 464,365 shares of the company’s stock traded hands, compared to its average volume of 572,646. The firm’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $11.12. DoubleLine Income Solutions Fund has a one year low of $10.49 and a one year high of $12.67.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in DoubleLine Income Solutions Fund during the third quarter worth about $86,000. Blue Trust Inc. bought a new stake in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at about $89,000. CIBC Bancorp USA Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at approximately $123,000. Transcend Capital Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at approximately $120,000. Finally, HRT Financial LP bought a new position in DoubleLine Income Solutions Fund during the 4th quarter worth approximately $124,000.

DoubleLine Income Solutions Fund Company Profile

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.