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

DoubleLine Income Solutions Fund (NYSE:DSL) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.11 per share on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date is Wednesday, January 15th.

DoubleLine Income Solutions Fund has decreased its dividend by an average of 9.1% annually over the last three years.

DoubleLine Income Solutions Fund Price Performance

Shares of DSL traded down $0.05 during mid-day trading on Friday, hitting $12.63. The company’s stock had a trading volume of 395,892 shares, compared to its average volume of 422,596. The company’s 50-day moving average is $12.67 and its 200-day moving average is $12.72. DoubleLine Income Solutions Fund has a 52-week low of $11.85 and a 52-week high of $13.24.

About DoubleLine Income Solutions Fund

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.