Destra Multi-Alternative Fund (NYSE:DMA) to Issue $0.07 Annual Dividend

Destra Multi-Alternative Fund (NYSE:DMA) declared an annual dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, May 19th will be given a dividend of 0.0725 per share on Friday, May 30th. This represents a yield of 3.2%. The ex-dividend date is Monday, May 19th.

Destra Multi-Alternative Fund Trading Up 0.9 %

Shares of DMA traded up $0.08 on Thursday, reaching $8.79. 139,825 shares of the company’s stock were exchanged, compared to its average volume of 31,237. The business has a 50 day moving average price of $8.56 and a two-hundred day moving average price of $8.62. Destra Multi-Alternative Fund has a 12 month low of $6.93 and a 12 month high of $9.16.

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.