Destra Multi-Alternative Fund (DMA) To Go Ex-Dividend on August 21st

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Wednesday, December 3rd. Stockholders of record on Friday, August 21st will be paid a dividend of 0.1125 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 17.9%. The ex-dividend date is Friday, August 21st.

Destra Multi-Alternative Fund Stock Down 0.4%

Shares of Destra Multi-Alternative Fund stock opened at $7.54 on Wednesday. Destra Multi-Alternative Fund has a one year low of $6.94 and a one year high of $9.15. The business’s 50 day simple moving average is $7.59 and its two-hundred day simple moving average is $7.85.

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.