Doubleline Opportunistic Credit Fund (NYSE:DBL) Raises Dividend to $0.20 Per Share

Doubleline Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.20 per share by the investment management company on Tuesday, December 31st. This represents a $2.40 annualized dividend and a yield of 11.54%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from Doubleline Opportunistic Credit Fund’s previous monthly dividend of $0.11.

Shares of Doubleline Opportunistic Credit Fund stock traded down $0.15 during trading hours on Wednesday, hitting $20.80. 9,080 shares of the company’s stock traded hands, compared to its average volume of 56,470. Doubleline Opportunistic Credit Fund has a 12-month low of $18.05 and a 12-month high of $21.30. The company has a fifty day simple moving average of $20.71 and a 200-day simple moving average of $20.70.

About Doubleline Opportunistic Credit Fund

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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Dividend History for Doubleline Opportunistic Credit Fund (NYSE:DBL)

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