Destra Multi-Alternative Fund (NYSE:DMA) to Issue Monthly Dividend of $0.11

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Tuesday, December 9th. Stockholders of record on Friday, December 19th will be given a dividend of 0.1125 per share on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Friday, December 19th. This is a 36.4% increase from Destra Multi-Alternative Fund’s previous monthly dividend of $0.08.

Destra Multi-Alternative Fund Trading Up 3.1%

Shares of Destra Multi-Alternative Fund stock traded up $0.27 on Tuesday, hitting $9.03. 109,138 shares of the company traded hands, compared to its average volume of 29,603. Destra Multi-Alternative Fund has a 52 week low of $7.17 and a 52 week high of $9.12. The business has a 50-day simple moving average of $8.69 and a 200 day simple moving average of $8.69.

About Destra Multi-Alternative Fund

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.