DoubleLine Opportunistic Credit Fund (DBL) To Go Ex-Dividend on September 16th

DoubleLine Opportunistic Credit Fund (NYSE:DBLGet Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.11 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Wednesday, September 16th.

DoubleLine Opportunistic Credit Fund Stock Up 0.4%

Shares of DBL stock opened at $14.15 on Thursday. DoubleLine Opportunistic Credit Fund has a 1-year low of $13.95 and a 1-year high of $16.01. The stock has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $14.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DBL. Avior Wealth Management LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 3.9% in the 2nd quarter. Avior Wealth Management LLC now owns 596,287 shares of the investment management company’s stock valued at $8,575,000 after acquiring an additional 22,321 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $982,000. Aviance Capital Partners LLC grew its position in shares of DoubleLine Opportunistic Credit Fund by 6.2% in the first quarter. Aviance Capital Partners LLC now owns 95,072 shares of the investment management company’s stock valued at $1,388,000 after purchasing an additional 5,523 shares in the last quarter. Journey Advisory Group LLC increased its holdings in shares of DoubleLine Opportunistic Credit Fund by 1.1% in the first quarter. Journey Advisory Group LLC now owns 173,374 shares of the investment management company’s stock valued at $2,531,000 after purchasing an additional 1,944 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $108,000.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.

See Also

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

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