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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.11 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Wednesday, July 15th.

DoubleLine Opportunistic Credit Fund Price Performance

DBL traded down $0.05 during trading on Wednesday, reaching $14.33. 69,272 shares of the company were exchanged, compared to its average volume of 72,419. The firm has a 50 day moving average of $14.37 and a 200 day moving average of $14.72. DoubleLine Opportunistic Credit Fund has a 52 week low of $14.07 and a 52 week high of $16.01.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.