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

DoubleLine Income Solutions Fund (NYSE:DSL) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.11 per share on Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend is Wednesday, May 15th.

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

DoubleLine Income Solutions Fund Stock Down 0.2 %

DSL traded down $0.02 on Thursday, hitting $12.30. The company had a trading volume of 361,434 shares, compared to its average volume of 401,940. The company’s fifty day moving average price is $12.50 and its 200 day moving average price is $12.13. DoubleLine Income Solutions Fund has a 1 year low of $10.22 and a 1 year high of $12.96.

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.