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Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Dividend Yield % : 8.70% (As of May. 14, 2024)


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What is Doubleline Opportunistic Credit Fund Dividend Yield %?

As of today (2024-05-14), the Trailing Annual Dividend Yield of Doubleline Opportunistic Credit Fund is 8.70%.

Good Sign:

Doubleline Opportunistic Credit Fund stock dividend yield is close to 3-year high.

The historical rank and industry rank for Doubleline Opportunistic Credit Fund's Dividend Yield % or its related term are showing as below:

DBL' s Dividend Yield % Range Over the Past 10 Years
Min: 6.52   Med: 8.67   Max: 10.86
Current: 8.7

During the past 7 years, the highest Dividend Yield of Doubleline Opportunistic Credit Fund was 10.86%. The lowest was 6.52%. And the median was 8.67%.

DBL's Dividend Yield % is ranked better than
73.89% of 1218 companies
in the Asset Management industry
Industry Median: 5.535 vs DBL: 8.70

Doubleline Opportunistic Credit Fund's Dividend Payout Ratio for the six months ended in Sep. 2023 was 1.74.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Doubleline Opportunistic Credit Fund is 1.43, which seems too high.

During the past 7 years, the highest Dividend Payout Ratio of Doubleline Opportunistic Credit Fund was 10.15. The lowest was 0.56. And the median was 1.44.

As of today (2024-05-14), the Forward Dividend Yield % of Doubleline Opportunistic Credit Fund is 8.70%.

Doubleline Opportunistic Credit Fund's Dividends per Share for the six months ended in Sep. 2023 was $0.66.

During the past 5 years, the average Dividends Per Share Growth Rate was -6.10% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Doubleline Opportunistic Credit Fund was -1.40% per year. The lowest was -13.00% per year. And the median was -13.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Doubleline Opportunistic Credit Fund Dividend Yield % Historical Data

The historical data trend for Doubleline Opportunistic Credit Fund's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Doubleline Opportunistic Credit Fund Dividend Yield % Chart

Doubleline Opportunistic Credit Fund Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Dividend Yield %
Get a 7-Day Free Trial 6.92 6.93 6.69 9.13 9.05

Doubleline Opportunistic Credit Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.69 7.88 9.13 9.31 9.05

Competitive Comparison of Doubleline Opportunistic Credit Fund's Dividend Yield %

For the Asset Management subindustry, Doubleline Opportunistic Credit Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Doubleline Opportunistic Credit Fund's Dividend Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Doubleline Opportunistic Credit Fund's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Doubleline Opportunistic Credit Fund's Dividend Yield % falls into.



Doubleline Opportunistic Credit Fund Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Doubleline Opportunistic Credit Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1100002024-04-172024-04-182024-04-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002024-03-132024-03-142024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002024-02-142024-02-152024-02-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002024-01-172024-01-182024-01-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-12-132023-12-142023-12-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-11-152023-11-162023-11-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-10-112023-10-122023-10-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-09-132023-09-142023-09-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-08-162023-08-172023-08-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-07-122023-07-132023-07-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1100002023-06-142023-06-152023-06-30Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Doubleline Opportunistic Credit Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.21/15.19
=7.97 %

Current Share Price is $15.19.
Doubleline Opportunistic Credit Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.21.

Doubleline Opportunistic Credit Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.32/15.19
=8.69 %

Current Share Price is $15.19.
Doubleline Opportunistic Credit Fund's Dividends per Share for the forward twelve months is calculated as $0.11 * 12 = $1.32.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Doubleline Opportunistic Credit Fund  (NYSE:DBL) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Doubleline Opportunistic Credit Fund Dividend Yield % Related Terms

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Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Business Description

Traded in Other Exchanges
N/A
Address
2002 North Tampa Street, Suite 200, Tampa, FL, USA, 33602
Doubleline Opportunistic Credit Fund operates as a closed-end management investment company. Its investment objective is to seek a high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund invests in debt securities, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments.
Executives
Lisa Chen officer: AML Compliance Officer C/O DOUBLELINE FUNDS, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
John C. Salter other: Trustee C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Jose Sarmenta officer: AML Officer C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Joan Elam officer: Dir of HR for DBL's Inv Adv C/O DOUBLELINE CAPITAL, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Robert Herron officer: Vice President C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Andrew Hsu other: Portfolio Manager of DBL C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Ken Shinoda other: Portfolio Manager of DBL C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Henry V Chase officer: See Remarks C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Maria Theresa Walker officer: Vice President 333 SOUTH GRAND AVE 18 FLOOR, LOS ANGELES CA 90071
Dawn Oswald officer: Vice President C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Youse Guia officer: CHIEF COMPLIANCE OFFICER C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta other: Adviser 333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Adam D. Rossetti officer: CHIEF COMPLIANCE OFFICER 333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Winnie Han officer: Assistant Treasurer 333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Brady J. Femling officer: Vice President 333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071

Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Headlines