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

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Wednesday, December 3rd. Shareholders of record on Friday, September 18th will be given a dividend of 0.1125 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date is Friday, September 18th.

Destra Multi-Alternative Fund Stock Down 3.4%

DMA opened at $7.40 on Wednesday. The company has a fifty day moving average of $7.64 and a two-hundred day moving average of $7.70. Destra Multi-Alternative Fund has a fifty-two week low of $6.94 and a fifty-two week 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.