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

DoubleLine Opportunistic Credit Fund (NYSE:DBLGet Rating) announced a monthly dividend on Friday, April 1st, Zacks reports. Shareholders of record on Thursday, April 14th will be given a dividend of 0.11 per share by the investment management company on Friday, April 29th. This represents a $1.32 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Wednesday, April 13th.

DoubleLine Opportunistic Credit Fund stock opened at $16.42 on Tuesday. DoubleLine Opportunistic Credit Fund has a 1 year low of $16.05 and a 1 year high of $20.19. The firm has a 50-day moving average of $17.19.

Several institutional investors and hedge funds have recently made changes to their positions in DBL. NEXT Financial Group Inc lifted its position in shares of DoubleLine Opportunistic Credit Fund by 45.0% in the 4th quarter. NEXT Financial Group Inc now owns 1,887 shares of the investment management company’s stock worth $36,000 after purchasing an additional 586 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of DoubleLine Opportunistic Credit Fund in the 4th quarter worth approximately $734,000. Wells Fargo & Company MN lifted its position in shares of DoubleLine Opportunistic Credit Fund by 5.8% in the 2nd quarter. Wells Fargo & Company MN now owns 109,334 shares of the investment management company’s stock worth $2,193,000 after purchasing an additional 5,990 shares during the period. Invesco Ltd. lifted its position in shares of DoubleLine Opportunistic Credit Fund by 5.2% in the 4th quarter. Invesco Ltd. now owns 187,682 shares of the investment management company’s stock worth $3,598,000 after purchasing an additional 9,353 shares during the period. Finally, Morgan Stanley lifted its position in shares of DoubleLine Opportunistic Credit Fund by 4.2% in the 3rd quarter. Morgan Stanley now owns 208,089 shares of the investment management company’s stock worth $4,104,000 after purchasing an additional 8,382 shares during the period.

DoubleLine Opportunistic Credit Fund Company Profile (Get Rating)

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.

See Also

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

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