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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.11 per share by the investment management company on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date is Wednesday, January 15th.

DoubleLine Opportunistic Credit Fund Price Performance

NYSE:DBL remained flat at $15.51 on Friday. 25,313 shares of the company’s stock were exchanged, compared to its average volume of 29,206. The company has a 50 day moving average of $15.45 and a two-hundred day moving average of $15.58. DoubleLine Opportunistic Credit Fund has a 12-month low of $14.49 and a 12-month high of $16.25.

DoubleLine Opportunistic Credit Fund Company Profile

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.