Doubleline Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.11 per share by the investment management company on Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Wednesday, October 16th.
Doubleline Opportunistic Credit Fund has decreased its dividend by an average of 1.0% per year over the last three years.
Shares of DBL traded down $0.06 during midday trading on Wednesday, reaching $20.85. 501 shares of the company were exchanged, compared to its average volume of 60,770. The stock has a 50-day moving average price of $20.72 and a 200-day moving average price of $20.48. Doubleline Opportunistic Credit Fund has a 1-year low of $18.05 and a 1-year high of $21.15.
DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.
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