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

DoubleLine Income Solutions Fund (NYSE:DSL) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors 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 of this dividend 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 Stock Performance

NYSE:DSL traded down $0.05 during trading hours on Friday, reaching $12.63. The company had a trading volume of 395,922 shares, compared to its average volume of 422,611. The stock has a 50-day moving average of $12.67 and a two-hundred day moving average of $12.72. DoubleLine Income Solutions Fund has a one year low of $11.85 and a one year 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.