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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, November 4th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.59%. The ex-dividend date is Wednesday, November 13th.

DoubleLine Opportunistic Credit Fund Price Performance

DBL traded up $0.07 on Monday, reaching $15.36. The company had a trading volume of 39,869 shares, compared to its average volume of 55,051. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.01 and a 1 year high of $16.25. The stock has a 50-day moving average price of $15.74 and a 200-day moving average price of $15.45.

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.