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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.11 per share by the investment management company on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date is Wednesday, January 15th.

DoubleLine Opportunistic Credit Fund Stock Performance

DBL remained flat at $15.51 during trading on Friday. 25,313 shares of the company’s stock traded hands, compared to its average volume of 29,206. The firm’s fifty day moving average price is $15.45 and its 200 day moving average price is $15.58. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.49 and a 1 year high of $16.25.

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.