DoubleLine Income Solutions Fund (NYSE:DSL) Declares $0.11 Monthly Dividend

DoubleLine Income Solutions Fund (NYSE:DSL) declared a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Wednesday, February 19th will be given a dividend of 0.11 per share on Friday, February 28th. This represents a $1.32 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend is Wednesday, February 19th.

DoubleLine Income Solutions Fund has decreased its dividend payment by an average of 8.6% per year over the last three years.

DoubleLine Income Solutions Fund Stock Performance

DSL stock traded up $0.02 during midday trading on Tuesday, hitting $12.69. The company had a trading volume of 514,918 shares, compared to its average volume of 355,778. DoubleLine Income Solutions Fund has a 52 week low of $11.85 and a 52 week high of $13.24. The stock’s 50 day moving average price is $12.66 and its 200 day moving average price is $12.73.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.