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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Wednesday, October 16th 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 yield of 8.32%. The ex-dividend date is Wednesday, October 16th.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of DBL stock traded up $0.05 during trading hours on Wednesday, reaching $15.87. 960 shares of the company’s stock were exchanged, compared to its average volume of 52,886. DoubleLine Opportunistic Credit Fund has a 1 year low of $13.75 and a 1 year high of $16.25. The company’s 50 day moving average is $15.80 and its two-hundred day moving average is $15.38.

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.