DoubleLine Opportunistic Credit Fund Announces Monthly Dividend of $0.11 (NYSE:DBL)

DoubleLine Opportunistic Credit Fund (NYSE:DBLGet Free Report) announced a monthly dividend on Monday, April 1st, NASDAQ reports. Investors of record on Thursday, April 18th will be paid a dividend of 0.11 per share by the investment management company on Tuesday, April 30th. This represents a $1.32 annualized dividend and a dividend yield of 8.59%. The ex-dividend date is Wednesday, April 17th.

DoubleLine Opportunistic Credit Fund Trading Down 0.4 %

DBL stock opened at $15.36 on Tuesday. The company has a 50 day moving average of $15.25 and a two-hundred day moving average of $14.91. DoubleLine Opportunistic Credit Fund has a 12-month low of $13.75 and a 12-month high of $15.70.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new position in DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at about $69,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 4th quarter valued at about $119,000. Golden State Wealth Management LLC grew its holdings in shares of DoubleLine Opportunistic Credit Fund by 10.2% in the 1st quarter. Golden State Wealth Management LLC now owns 12,118 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 1,118 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in DoubleLine Opportunistic Credit Fund during the fourth quarter worth about $261,000. Finally, Royal Bank of Canada boosted its holdings in shares of DoubleLine Opportunistic Credit Fund by 8.9% during the third quarter. Royal Bank of Canada now owns 19,089 shares of the investment management company’s stock worth $276,000 after acquiring an additional 1,560 shares during the period.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.

See Also

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

Receive News & Ratings for DoubleLine Opportunistic Credit Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleLine Opportunistic Credit Fund and related companies with MarketBeat.com's FREE daily email newsletter.