Destra Multi-Alternative Fund (NYSE:DMA) to Issue Monthly Dividend of $0.11

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Tuesday, December 9th. Stockholders of record on Friday, June 19th will be given a dividend of 0.1125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Thursday, June 18th.

Destra Multi-Alternative Fund Stock Performance

Shares of NYSE DMA traded up $0.27 during midday trading on Tuesday, hitting $9.03. 109,138 shares of the company’s stock were exchanged, compared to its average volume of 29,603. The stock’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.69. Destra Multi-Alternative Fund has a twelve month low of $7.17 and a twelve month high of $9.12.

Destra Multi-Alternative Fund Company Profile

Multi-Strategy Growth & Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.