Destra Multi-Alternative Fund said on April 7, 2023 that its board of directors declared a regular
monthly dividend of $0.05 per share ($0.64 annualized).
Previously, the company paid $0.05 per share.
Shares must be purchased before the ex-div date of April 17, 2023 to qualify for the dividend.
Shareholders of record as of April 18, 2023
will receive the payment on April 28, 2023.
At the current share price of $6.22 / share,
the stock’s dividend yield is 10.34%.
Looking back five years and taking a sample every week, the average dividend yield has been
9.15%,
the lowest has been 7.49%,
and the highest has been 11.28%.
The standard deviation of yields is 0.98 (n=54).
The current dividend yield is
1.21 standard deviations
above
the historical average.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 19 funds or institutions reporting positions in Destra Multi-Alternative Fund.
This is a decrease
of
3
owner(s) or 13.64% in the last quarter.
Average portfolio weight of all funds dedicated to DMA is 0.16%,
an increase
of 12.72%.
Total shares owned by institutions increased
in the last three months by 22.95% to 2,488K shares.
What are Other Shareholders Doing?
Cwm
holds 0K shares.
No change in the last quarter.
Chicago Partners Investment Group
holds 28K shares.
Matisse Capital
holds 174K shares.
In it’s prior filing, the firm reported owning 155K shares, representing
an increase
of 10.96%.
The firm
decreased
its portfolio allocation in DMA by 17.36% over the last quarter.
AE Wealth Management
holds 17K shares.
In it’s prior filing, the firm reported owning 19K shares, representing
a decrease
of 7.60%.
The firm
decreased
its portfolio allocation in DMA by 99.91% over the last quarter.
City State Bank
holds 1K shares.
No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
