Destra Multi-Alternative Fund (DMA) to Distribute Monthly Dividend of $0.11 on July 31st

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Wednesday, December 3rd. Stockholders of record on Tuesday, July 21st will be given a dividend of 0.1125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 17.2%. The ex-dividend date is Tuesday, July 21st.

Destra Multi-Alternative Fund Price Performance

NYSE DMA opened at $7.85 on Friday. The company’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $8.07. Destra Multi-Alternative Fund has a twelve month low of $6.94 and a twelve month high of $9.15.

About Destra Multi-Alternative Fund

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.