DoubleLine Inc Solns Fund's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DoubleLine Inc Solns Fund (NYSE:DSL) has announced a monthly dividend of 11 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders owning DSL by the end of Tuesday's session are eligible for the dividend, which will be paid out on September 29, 2023.
September 08, 2023 | 2:45 pm
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DoubleLine Inc Solns Fund (DSL) has announced a monthly dividend of 11 cents per share. The stock will likely trade lower on the ex-dividend date, which is Wednesday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the total payout. In this case, DSL is expected to open 11 cents lower on the ex-dividend date.
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