DoubleLine Yield Opportunities Fund
DLYFinancial Services · Stock · monthly payer
Forward Yield
10.07%
Annual Dividend
$1.40
Payout Ratio
241%
5-Yr Growth
0.0%
Ex-Date
Jul 15, 2026
Frequency
Monthly
Summary
As of July 2026, DoubleLine Yield Opportunities Fund (DLY) yields 10.07% ($1.40 per share annually), with a blended fair-value estimate of $19.25 — +38% upside, so it screens as undervalued. Dividend safety grade: B (73/100).
Is DLY a good dividend stock?
Yes, with caveatsDoubleLine Yield Opportunities Fund (DLY) pays a monthly dividend yielding 10.07% ($1.40/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (241%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 10.07%
- Payout Ratio
- 241%
- Annual Dividend
- $1.40
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $679.5M
- P/E Ratio
- 24.1
- 5-Yr Total Return
- -30%
- 52-Week Range
- $13.51 – $15.72
- Dividend Safety
- B · 73/100
- Ever Cut?
- No
Frequently Asked Questions
DLY Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
-4%
5 Years
-30%
52-Week Range
$13.51 – $15.72
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DLY worth?
Undervaluedlow confidenceOur blended fair-value estimate for DoubleLine Yield Opportunities Fund is $19.25 per share, versus a market price of $13.91. That implies 38% of upside — a margin of safety of about 28%.
Fair Value
$19.25
Current Price
$13.91
Upside
+38%
Margin of Safety
28%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $0.58 EPS, $1.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DLY Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.1170 | regular |
| Jun 17, 2026 | — | $0.1170 | regular |
| May 13, 2026 | — | $0.1170 | regular |
| Apr 15, 2026 | — | $0.1170 | regular |
| Mar 18, 2026 | — | $0.1170 | regular |
| Feb 18, 2026 | — | $0.1170 | regular |
| Jan 14, 2026 | — | $0.1170 | regular |
| Dec 17, 2025 | — | $0.1170 | regular |
| Nov 19, 2025 | — | $0.1170 | regular |
| Oct 15, 2025 | — | $0.1170 | regular |
| Sep 17, 2025 | — | $0.1170 | regular |
| Aug 13, 2025 | — | $0.1170 | regular |
| Jul 16, 2025 | — | $0.1170 | regular |
| Jun 18, 2025 | — | $0.1170 | regular |
Income Calculator
At $1.40 / yr per share
