Doubleline Opportunistic Credit Fund (NYSE:DBL) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 14th will be paid a dividend of 0.167 per share by the investment management company on Friday, December 29th. This represents a $2.00 annualized dividend and a dividend yield of 8.94%. The ex-dividend date of this dividend is Wednesday, December 13th.
Shares of Doubleline Opportunistic Credit Fund (DBL) traded down $0.10 during mid-day trading on Wednesday, reaching $22.42. 106,102 shares of the company’s stock traded hands, compared to its average volume of 65,284. Doubleline Opportunistic Credit Fund has a 1-year low of $22.11 and a 1-year high of $26.09.
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About Doubleline Opportunistic Credit Fund
DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, the United States Government securities, corporate debt, international sovereign debt and short-term investments.
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