DoubleLine Income Solutions Fund (NYSE:DSL) to Issue Monthly Dividend of $0.11

DoubleLine Income Solutions Fund (NYSE:DSL) announced a monthly dividend on Monday, August 3rd. Investors of record on Wednesday, August 19th will be given a dividend of 0.11 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

DoubleLine Income Solutions Fund Price Performance

DoubleLine Income Solutions Fund stock opened at $10.68 on Tuesday. DoubleLine Income Solutions Fund has a 12-month low of $10.49 and a 12-month high of $12.67. The firm has a 50 day moving average of $10.86 and a 200 day moving average of $11.04.

Institutional Trading of DoubleLine Income Solutions Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DSL. CoreCap Advisors LLC bought a new position in DoubleLine Income Solutions Fund in the 2nd quarter worth $28,000. Advisory Services Network LLC bought a new position in shares of DoubleLine Income Solutions Fund in the third quarter worth about $86,000. Blue Trust Inc. bought a new position in shares of DoubleLine Income Solutions Fund in the fourth quarter worth about $89,000. Transcend Capital Advisors LLC purchased a new stake in shares of DoubleLine Income Solutions Fund during the fourth quarter worth about $120,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund during the third quarter worth about $123,000.

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.