Tuesday Is Your Last Chance To Buy Doubleline Opportunistic Before The Dividend Payout
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 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 payable on January 31, 2024.

January 12, 2024 | 2:45 pm
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Doubleline Opportunistic (DBL) is set to pay a monthly dividend of 11 cents per share, with the ex-dividend date being Wednesday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
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 common occurrence and is already anticipated by the market. Therefore, the short-term impact is neutral, as the price adjustment is a standard practice and does not reflect a change in the company's fundamentals.
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