Analyzing DoubleLine Yield Opp's Ex-Dividend Date

On August 2, 2021, DoubleLine Yield Opp DLY announced shareholders can expect to receive a dividend payable on August 31, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. DoubleLine Yield Opp, whose current dividend payout is $0.12, has an ex-dividend date set at August 11, 2021. The payout equates to a dividend yield of 7.04% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

DoubleLine Yield Opp's Dividend History

Over the past year, DoubleLine Yield Opp has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 14, 2021 the company's payout was $0.12, which has returned to its value today. DoubleLine Yield Opp's dividend yield last year was 7.32%, which has since decreased by 0.28%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on DoubleLine Yield Opp's previous dividends.