DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shareholders to Receive $0.11 Monthly Dividend

DoubleLine Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Thursday, October 1st. Investors 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 Stock Performance

DBL stock traded up $0.01 during midday trading on Thursday, reaching $13.56. The stock had a trading volume of 95,274 shares, compared to its average volume of 69,657. The firm has a fifty day simple moving average of $14.03 and a two-hundred day simple moving average of $14.25. DoubleLine Opportunistic Credit Fund has a 52-week low of $13.41 and a 52-week high of $15.79.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund during the second quarter worth about $37,000. Baird Financial Group Inc. increased its holdings in DoubleLine Opportunistic Credit Fund by 30.4% in the 2nd quarter. Baird Financial Group Inc. now owns 25,750 shares of the investment management company’s stock worth $370,000 after buying an additional 6,000 shares during the period. World Equity Group Inc. raised its position in DoubleLine Opportunistic Credit Fund by 49.5% during the 2nd quarter. World Equity Group Inc. now owns 16,600 shares of the investment management company’s stock worth $239,000 after buying an additional 5,500 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new position in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth approximately $296,000. Finally, Integrated Capital Management Inc. acquired a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at approximately $186,000.

About DoubleLine Opportunistic Credit Fund

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.