Tuesday Is Your Last Chance To Buy DoubleLine Inc Solns Fund Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DoubleLine Inc Solns Fund (NYSE:DSL) announced a monthly dividend of 11 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 11 cents lower. Shareholders owning DSL by the end of Tuesday will receive the dividend on December 29, 2023.

December 08, 2023 | 2:45 pm
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DoubleLine Inc Solns Fund (DSL) will pay a monthly dividend of 11 cents per share. Investors must own the stock by Tuesday to be eligible, and the stock will trade lower on Wednesday to reflect the payout.
The announcement of a dividend typically does not have a significant long-term impact on a stock's price, but it does affect the short-term trading. The stock price is expected to drop by the amount of the dividend on the ex-dividend date, which is a normal occurrence and is already anticipated by the market. Therefore, the short-term impact is neutral, as the price adjustment is expected and investors buying before the ex-dividend date are aware of the upcoming dividend payment.
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