DoubleLine Income Solutions Fund (NYSE:DSL) Plans $0.11 Monthly Dividend

DoubleLine Income Solutions Fund (NYSE:DSL) declared a monthly dividend on Monday, February 2nd. Investors of record on Wednesday, February 18th will be given a dividend of 0.11 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Wednesday, February 18th.

DoubleLine Income Solutions Fund Price Performance

DSL traded down $0.06 during trading on Monday, reaching $11.43. 950,156 shares of the company were exchanged, compared to its average volume of 745,217. DoubleLine Income Solutions Fund has a 52 week low of $10.58 and a 52 week high of $12.92. The firm has a 50 day moving average of $11.30 and a 200 day moving average of $11.80.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several large investors have recently made changes to their positions in the company. McGowan Group Asset Management Inc. grew its holdings in DoubleLine Income Solutions Fund by 1.1% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 3,225,943 shares of the company’s stock worth $39,486,000 after buying an additional 35,833 shares in the last quarter. UBS Group AG boosted its position in DoubleLine Income Solutions Fund by 3.9% during the 3rd quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock worth $13,002,000 after acquiring an additional 39,491 shares during the period. Invesco Ltd. grew its stake in shares of DoubleLine Income Solutions Fund by 7.6% in the third quarter. Invesco Ltd. now owns 1,007,104 shares of the company’s stock worth $12,367,000 after purchasing an additional 71,371 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of DoubleLine Income Solutions Fund by 13.1% during the third quarter. Ameriprise Financial Inc. now owns 767,076 shares of the company’s stock valued at $9,362,000 after purchasing an additional 88,645 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of DoubleLine Income Solutions Fund by 23.0% during the third quarter. Penserra Capital Management LLC now owns 546,322 shares of the company’s stock valued at $6,708,000 after purchasing an additional 102,132 shares in the last quarter.

About DoubleLine Income Solutions Fund

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.