Destra Multi-Alternative Fund (DMA) to Issue Monthly Dividend of $0.11 on May 29th

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Wednesday, December 3rd. Investors of record on Tuesday, May 19th will be given a dividend of 0.1125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 19.2%. The ex-dividend date is Tuesday, May 19th.

Destra Multi-Alternative Fund Trading Down 1.3%

DMA stock opened at $7.05 on Friday. The company has a 50 day simple moving average of $7.89 and a 200 day simple moving average of $8.49. Destra Multi-Alternative Fund has a 1 year low of $6.97 and a 1 year high of $9.15.

Destra Multi-Alternative Fund Company Profile

Destra Multi-Alternative Fund Inc (NYSE: DMA) is a closed-end, diversified management investment company that employs a multi-alternative strategy to deliver income and total return. The fund seeks to achieve its objectives by allocating assets among a variety of alternative income-producing investments, including closed-end funds, business development companies (BDCs), real estate investment trusts (REITs), master limited partnerships (MLPs) and preferred securities. This blend of assets is intended to provide a level of diversification and potential for regular distributions.

The fund’s investment approach combines fundamental research with active portfolio management, targeting securities with attractive yield characteristics and growth potential.