DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Set to Pay Monthly Dividend of $0.11

by · The Markets Daily

DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.11 per share by the investment management company on Friday, October 30th. This represents a $1.32 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Wednesday, October 14th.

DoubleLine Opportunistic Credit Fund Price Performance

NYSE:DBL opened at $13.56 on Friday. DoubleLine Opportunistic Credit Fund has a 1 year low of $13.41 and a 1 year high of $15.79. The business has a fifty day moving average of $14.02 and a 200-day moving average of $14.24.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the 2nd quarter worth about $37,000. Fifth Third Bancorp bought a new position in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $55,000. Ascentis Independent Advisors bought a new position in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $108,000. Maridea Wealth Management LLC acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the first quarter valued at approximately $177,000. Finally, Integrated Capital Management Inc. acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the second quarter valued at approximately $186,000.

About DoubleLine Opportunistic Credit Fund

(Get Free Report)

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through an actively managed portfolio of credit and fixed-income investments.

DBL invests across a range of opportunistic credit markets, including corporate debt, below-investment-grade and unrated securities, mortgage-related investments, bank loans, structured credit and other fixed-income instruments.

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