Destra Multi-Alternative Fund (DMA) to Issue Monthly Dividend of $0.11 on May 29th

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Wednesday, December 3rd. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.1125 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 19.2%. The ex-dividend date is Tuesday, May 19th.

Destra Multi-Alternative Fund Stock Performance

NYSE DMA opened at $7.05 on Friday. The company has a 50-day simple moving average of $7.89 and a two-hundred day simple moving average of $8.49. Destra Multi-Alternative Fund has a 12-month low of $6.97 and a 12-month high of $9.15.

Institutional Trading of Destra Multi-Alternative Fund

Several large investors have recently modified their holdings of DMA. JPMorgan Chase & Co. bought a new stake in shares of Destra Multi-Alternative Fund in the second quarter worth about $25,000. Raymond James Financial Inc. bought a new stake in shares of Destra Multi-Alternative Fund in the second quarter worth about $50,000. Cetera Investment Advisers grew its stake in shares of Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock worth $156,000 after purchasing an additional 5,952 shares during the last quarter. Altium Capital Management LLC bought a new stake in shares of Destra Multi-Alternative Fund in the fourth quarter worth about $220,000. Finally, Osaic Holdings Inc. grew its stake in shares of Destra Multi-Alternative Fund by 19.4% in the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock worth $254,000 after purchasing an additional 4,716 shares during the last quarter.

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.