Destra Multi-Alternative Fund (NYSE:DMA) to Issue Dividend Increase – $0.12 Per Share

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Thursday, October 8th. Investors of record on Tuesday, October 20th will be given a dividend of $0.1150 per share on Friday, October 30th. This represents a $1.38 dividend on an annualized basis and a yield of 19.3%. The ex-dividend date of this dividend is Tuesday, October 20th. This is a 2.2% increase from Destra Multi-Alternative Fund’s previous monthly dividend of $0.1125.

Destra Multi-Alternative Fund Stock Down 1.4%

NYSE:DMA opened at $7.14 on Friday. The firm’s fifty day moving average is $7.56 and its two-hundred day moving average is $7.58. Destra Multi-Alternative Fund has a one year low of $6.94 and a one year high of $9.15.

Destra Multi-Alternative Fund Company Profile

Destra Multi-Alternative Fund (NYSE: DMA) is a closed-end management investment company designed to provide investors with exposure to a diversified portfolio of alternative investments. The fund seeks to generate a combination of current income and long-term capital appreciation through investments in asset classes and strategies that may complement traditional stocks and bonds.

The fund may invest across a range of alternative and nontraditional assets, including private and public securities, credit-related investments, real assets, real estate-related investments, and other investment vehicles managed by specialized investment firms.