Tuesday Is Your Last Chance To Buy DoubleLine Yield Opps Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DoubleLine Yield Opps (NYSE:DLY) has announced that it will pay shareholders a monthly dividend of 11.67 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 11.67 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 29, 2023.
September 08, 2023 | 2:45 pm
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DoubleLine Yield Opps (DLY) is set to pay a dividend of 11.67 cents per share. The stock will go ex-dividend on Wednesday, which may cause a temporary drop in the stock price.
The announcement of a dividend payout often leads to a temporary increase in stock price as investors buy in to qualify for the dividend. However, the stock price typically drops on the ex-dividend date as the amount of the dividend is subtracted from the stock's price. Therefore, DLY's stock price is likely to decrease in the short term.
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