DoubleLine Yield Opps's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DoubleLine Yield Opps (NYSE:DLY) announced that shareholders owning the stock by the end of Tuesday's session will be eligible for a monthly dividend of 11.67 cents per share. The ex-dividend date is Wednesday, and the stock is expected to open 11.67 cents lower to reflect the payout. The dividend will be paid on January 31, 2024.
January 12, 2024 | 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 being Wednesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
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 market adjusts for the payout. This is a common occurrence and is typically priced in by the market.
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