DoubleLine Opportunistic Credit Fund (NYSE:DBL) is expected to pay $0.17 on Nov 30, 2016. The indicated annual dividend is $1.34. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on DoubleLine Opportunistic Credit Fund’s current price of $24.01, the dividend is 0.70%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.63% or $0.15 on November 7, hitting $24.01. Doubleline Opportunistic Credit Fund (NYSE:DBL) has declined 8.30% since April 5, 2016 and is downtrending. It has underperformed by 10.26% the S&P500.
DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment fund. The company has a market cap of $353.25 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 improved, 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 Mngmt Ltd owns 30,201 shares or 1.11% of their US portfolio. Commonwealth Equity Services has 0.02% invested in the company for 75,113 shares. Winslow Evans And Crocker holds 0% of its portfolio in Doubleline Opportunistic Credit Fund (NYSE:DBL) for 100 shares. Van Hulzen Asset Limited Liability reported 15,700 shares or 0.24% of all its holdings. Moreover, Joel Isaacson And Lc has 0.15% invested in Doubleline Opportunistic Credit Fund (NYSE:DBL) for 25,917 shares. Morgan Stanley has invested 0% of its portfolio in Doubleline Opportunistic Credit Fund (NYSE:DBL). Moreover, Deutsche Bank Ag has 0% invested in Doubleline Opportunistic Credit Fund (NYSE:DBL) for 7,200 shares. Guggenheim Llc reported 35,024 shares or 0% of all its holdings. Moreover, Ameritas Investment Partners has 0% invested in Doubleline Opportunistic Credit Fund (NYSE:DBL) for 952 shares. Ironwood Limited Liability Co has 0.01% invested in the company for 500 shares. Da Davidson & accumulated 0% or 1,059 shares. Royal National Bank & Trust Of Canada accumulated 0% or 12,068 shares. Brown Advisory Securities Limited Liability holds 0.1% or 11,700 shares in its portfolio. Jnba Financial Advisors holds 0.02% of its portfolio in Doubleline Opportunistic Credit Fund (NYSE:DBL) for 1,999 shares. Kcg Hldg has 8,080 shares for 0% of their US portfolio.
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