Destra Multi-Alternative Fund (DMA) to Issue Monthly Dividend of $0.11 on April 30th

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Wednesday, December 3rd. Shareholders of record on Monday, April 20th will be paid a dividend of 0.1125 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 16.7%. The ex-dividend date is Monday, April 20th.

Destra Multi-Alternative Fund Stock Performance

Shares of DMA opened at $8.10 on Friday. The stock’s 50-day moving average price is $8.27 and its 200 day moving average price is $8.63. Destra Multi-Alternative Fund has a 12-month low of $7.70 and a 12-month 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.