27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
On April 1, 2021, DoubleLine Inc Solns Fund (NYSE:DSL) announced shareholders can expect to receive a dividend payable on April 30, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. DoubleLine Inc Solns Fund, whose current dividend payout is $0.11, has an ex-dividend date set at April 14, 2021. The payout equates to a dividend yield of 7.27% at current price levels.
The Significance Of Ex-Dividend Dates
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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 Inc Solns Fund's Dividend History
Over the past year, DoubleLine Inc Solns Fund has seen its dividend payouts remain the same and its yields trend downward. Last year on December 16, 2020 the company's payout sat at $0.11, which has returned to its value today. DoubleLine Inc Solns Fund's dividend yield last year was 7.67%, which has since decreased by 0.4%.
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.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.