DoubleLine Opportunistic Credit Fund (NYSE:DBL) expected to pay $0.17 on Sep 30, 2016


DoubleLine Opportunistic Credit Fund (NYSE:DBL) is expected to pay $0.17 on Sep 30, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Sep 14, 2016 will be eligible to receive the payout. Based on DoubleLine Opportunistic Credit Fund’s current price of $26.18, the dividend is 0.64%. This dividend’s record date is Sep 16, 2016 and the announcement date is Sep 1, 2016. About 66,260 shares traded hands or 16.77% up from the average. Doubleline Opportunistic Credit Fund (NYSE:DBL) has risen 2.47% since February 8, 2016 and is uptrending. It has underperformed by 14.02% the S&P500.

DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment fund. The company has a market cap of $393.81 million. 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. It currently has negative earnings. 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.

The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.08, from 1 in 2016Q1. The ratio is positive, as 9 funds sold all Doubleline Opportunistic Credit Fund shares owned while 16 reduced positions. 11 funds bought stakes while 16 increased positions. They now own 2.73 million shares or 14.15% less from 3.18 million shares in 2016Q1.

Alethea Capital Management Llc holds 1.11% of its portfolio in Doubleline Opportunistic Credit Fund for 30,201 shares. Apriem Advisors owns 107,760 shares or 0.94% of their US portfolio. Moreover, Horizon Kinetics Llc has 0.28% invested in the company for 418,588 shares. The California-based Partnervest Advisory Services Llc has invested 0.27% in the stock. Van Hulzen Asset Management Llc, a California-based fund reported 15,700 shares.

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