DoubleLine Income Solutions Fund (NYSE:DSL) to Issue Monthly Dividend of $0.11

DoubleLine Income Solutions Fund (NYSE:DSL) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.11 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

DoubleLine Income Solutions Fund Stock Performance

Shares of DSL opened at $10.99 on Thursday. DoubleLine Income Solutions Fund has a fifty-two week low of $10.49 and a fifty-two week high of $12.67. The firm has a 50 day moving average price of $10.94 and a 200-day moving average price of $11.11.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in DoubleLine Income Solutions Fund by 255.8% during the first quarter. Bank of America Corp DE now owns 1,615,318 shares of the company’s stock valued at $17,494,000 after buying an additional 1,161,330 shares during the period. Wells Fargo & Company MN increased its holdings in shares of DoubleLine Income Solutions Fund by 68.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock worth $26,517,000 after buying an additional 955,010 shares during the period. Rivernorth Capital Management LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at about $8,466,000. 1607 Capital Partners LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at about $5,433,000. Finally, Independent Financial Group LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 1st quarter valued at about $3,508,000.

DoubleLine Income Solutions Fund Company Profile

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.