News headlines about Doubleline Opportunistic Credit Fund (NYSE:DBL) have been trending somewhat negative on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Doubleline Opportunistic Credit Fund earned a daily sentiment score of -0.10 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 47.1203928998456 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Doubleline Opportunistic Credit Fund traded up $0.07, reaching $20.69, during mid-day trading on Monday, Marketbeat reports. 100 shares of the stock were exchanged, compared to its average volume of 76,848. Doubleline Opportunistic Credit Fund has a 1-year low of $20.48 and a 1-year high of $26.09.
The business also recently declared a monthly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be paid a $0.167 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $2.00 dividend on an annualized basis and a yield of 9.69%.
DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, the United States Government securities, corporate debt, international sovereign debt and short-term investments.
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