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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.11 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Wednesday, April 15th.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of DBL stock opened at $14.48 on Monday. The business’s 50-day moving average price is $14.75 and its 200-day moving average price is $15.14. DoubleLine Opportunistic Credit Fund has a 12 month low of $14.07 and a 12 month high of $16.01.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.