DoubleLine Income Solutions Fund (NYSE:DSL) announced a monthly dividend on Monday, December 2nd, Zacks reports. Investors of record on Thursday, December 12th will be paid a dividend of 0.15 per share on Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Wednesday, December 11th.
DSL stock traded up $0.01 during midday trading on Wednesday, hitting $19.82. The company’s stock had a trading volume of 20,321 shares, compared to its average volume of 317,780. The stock’s 50-day moving average price is $19.94 and its 200 day moving average price is $20.00. DoubleLine Income Solutions Fund has a 1 year low of $16.11 and a 1 year high of $20.79.
Separately, Stifel Nicolaus lowered DoubleLine Income Solutions Fund from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.
DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.
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