Dividend Runner: $0.17 dividends are now a reality for DoubleLine Opportunistic Credit Fund (NYSE:DBL) shareholders. Here’s why.

Dividend Runner: $0.17 dividends are now a reality for DoubleLine Opportunistic Credit Fund (NYSE:DBL) shareholders. Here's why.

DoubleLine Opportunistic Credit Fund (NYSE:DBL) is expected to pay $0.17 on Oct 31, 2016. The indicated annual dividend is $1.17. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on DoubleLine Opportunistic Credit Fund’s current price of $25.43, the dividend is 0.66%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 3, 2016. The stock increased 1.92% or $0.48 on October 10, hitting $25.43. Doubleline Opportunistic Credit Fund (NYSE:DBL) has declined 3.23% since March 8, 2016 and is downtrending. It has underperformed by 12.55% the S&P500.

DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment fund. The company has a market cap of $369.38 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.

Insitutional Activity: 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.
Brown Advisory Secs Lc last reported 0.1% of its portfolio in the stock. Winslow Evans & Crocker Inc has 100 shares for 0% of their US portfolio. Pinnacle Partners holds 0% of its portfolio in Doubleline Opportunistic Credit Fund (NYSE:DBL) for 378 shares. Kcg Inc accumulated 0% or 8,080 shares. Jnba Advisors holds 1,999 shares or 0.02% of its portfolio. Blume Mgmt accumulated 200 shares or 0% of the stock. Tower Research Capital Limited Liability Com (Trc) has 100 shares for 0% of their US portfolio. Raymond James Svcs has 0% invested in the company for 12,116 shares. Guggenheim Llc accumulated 0% or 35,024 shares. Comml Bank Of America Corp De, a North Carolina-based fund reported 357,610 shares. Sigma Planning has invested 0.06% of its portfolio in Doubleline Opportunistic Credit Fund (NYSE:DBL). Whittier Of Nevada holds 3,051 shares or 0.01% of its portfolio. Ladenburg Thalmann Fin Ser Inc has 0.04% invested in the company for 82,557 shares. The New York-based Morgan Stanley has invested 0% in Doubleline Opportunistic Credit Fund (NYSE:DBL). Scotia Inc owns 10,949 shares or 0.01% of their US portfolio.

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