Destra Multi-Alternative Fund (DMA) To Go Ex-Dividend on March 20th

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Wednesday, December 3rd. Stockholders of record on Friday, March 20th will be paid a dividend of 0.1125 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 16.4%. The ex-dividend date of this dividend is Friday, March 20th.

Destra Multi-Alternative Fund Price Performance

Shares of DMA opened at $8.25 on Wednesday. Destra Multi-Alternative Fund has a 1-year low of $7.17 and a 1-year high of $9.15. The firm has a fifty day moving average price of $8.69 and a 200 day moving average price of $8.74.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Destra Multi-Alternative Fund during the second quarter worth $25,000. Raymond James Financial Inc. acquired a new position in Destra Multi-Alternative Fund in the 2nd quarter valued at $50,000. Perigon Wealth Management LLC purchased a new position in Destra Multi-Alternative Fund during the 3rd quarter worth $112,000. Cetera Investment Advisers raised its position in Destra Multi-Alternative Fund by 52.2% during the 4th quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock worth $156,000 after buying an additional 5,952 shares during the last quarter. Finally, Altium Capital Management LLC acquired a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter worth $220,000.

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.