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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) announced a monthly dividend on Friday, November 1st,Wall Street Journal reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.11 per share by the investment management company on Friday, November 29th. This represents a $1.32 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Wednesday, November 13th.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of NYSE:DBL opened at $15.58 on Tuesday. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.14 and a 1 year high of $16.25. The business’s 50-day moving average is $15.70 and its 200-day moving average is $15.48.

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.