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

by · The Cerbat Gem

DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.11 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Wednesday, February 18th.

DoubleLine Opportunistic Credit Fund Stock Down 0.1%

Shares of DoubleLine Opportunistic Credit Fund stock traded down $0.02 during midday trading on Monday, reaching $15.12. 41,706 shares of the company’s stock traded hands, compared to its average volume of 53,829. The company’s 50 day simple moving average is $15.25 and its 200 day simple moving average is $15.37. DoubleLine Opportunistic Credit Fund has a 52 week low of $14.49 and a 52 week high of $16.01.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Equity Group Inc. lifted its position in DoubleLine Opportunistic Credit Fund by 7.2% during the 3rd quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock worth $173,000 after acquiring an additional 750 shares during the last quarter. Journey Advisory Group LLC increased its holdings in DoubleLine Opportunistic Credit Fund by 0.4% in the 2nd quarter. Journey Advisory Group LLC now owns 169,914 shares of the investment management company’s stock valued at $2,613,000 after buying an additional 754 shares during the period. Ashton Thomas Private Wealth LLC raised its position in DoubleLine Opportunistic Credit Fund by 4.6% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,637 shares of the investment management company’s stock worth $284,000 after purchasing an additional 818 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in shares of DoubleLine Opportunistic Credit Fund by 1.1% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 88,316 shares of the investment management company’s stock worth $1,376,000 after buying an additional 980 shares during the period. Finally, Aviance Capital Partners LLC grew its holdings in shares of DoubleLine Opportunistic Credit Fund by 1.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 90,219 shares of the investment management company’s stock worth $1,406,000 after purchasing an additional 1,197 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

(Get Free Report)

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.

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