Doubleline Opportunistic: Dividend Insights
Portfolio Pulse from Benzinga Insights
Doubleline Opportunistic (NYSE:DBL) announced a monthly dividend of 11 cents per share, with Tuesday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Wednesday, likely opening 11 cents lower to reflect the payout. Shareholders owning DBL by the end of Tuesday's session will receive the dividend on December 29, 2023.
December 08, 2023 | 2:45 pm
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Doubleline Opportunistic (DBL) will pay a monthly dividend of 11 cents per share, with the ex-dividend date set for Wednesday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts for the payout. Investors should expect DBL to open lower by 11 cents on Wednesday, reflecting the dividend payment.
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