DoubleLine Yield Opportunities Fund to Issue Monthly Dividend of $0.12 (NYSE:DLY)

DoubleLine Yield Opportunities Fund (NYSE:DLY) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.1167 per share on Friday, January 31st. This represents a $1.40 annualized dividend and a dividend yield of 8.81%. The ex-dividend date of this dividend is Wednesday, January 15th.

DoubleLine Yield Opportunities Fund has increased its dividend by an average of 10.1% annually over the last three years.

DoubleLine Yield Opportunities Fund Stock Down 0.3 %

Shares of DLY traded down $0.04 during mid-day trading on Friday, hitting $15.90. 194,983 shares of the company’s stock were exchanged, compared to its average volume of 170,792. The stock’s 50-day moving average is $16.16 and its 200-day moving average is $16.17. DoubleLine Yield Opportunities Fund has a fifty-two week low of $14.57 and a fifty-two week high of $16.90.

About DoubleLine Yield Opportunities Fund

DoubleLine Yield Opportunities Fund (the “Fund”) is a limited term closed-end management investment company.

The Fund’s investment objective is to seek a high level of total return, with an emphasis on current income.

The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for its potential to provide a high level of total return, with an emphasis on current income.