Tuesday Is Your Last Chance To Buy DoubleLine Yield Opps Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
DoubleLine Yield Opps (NYSE:DLY) announced a monthly dividend of 11.67 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, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on December 29, 2023.
December 08, 2023 | 2:45 pm
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DoubleLine Yield Opps (DLY) will pay a monthly dividend of 11.67 cents per share, with the ex-dividend date set for Wednesday. The stock price is expected to drop by the dividend amount on that day.
The stock price of DLY is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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