Destra Multi-Alternative Fund
DMAFinancial Services · Stock · monthly payer
$7.60
Add to PortfolioForward Yield
17.76%
Annual Dividend
$1.35
Payout Ratio
0%
5-Yr Growth
—
Ex-Date
Jun 18, 2026
Frequency
Monthly
DMA Dividend Safety Score
34/ 100
Grade F
Unsafe
Dividend-growth streak1 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverageNegative earnings
Yield vs its historyYield is 2.9× its 5-yr average — elevated
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is DMA a good dividend stock?
Higher riskDestra Multi-Alternative Fund (DMA) pays a monthly dividend yielding 17.76% ($1.35/yr), with 0 years of growth and a dividend-safety grade of F. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 17.76%
- Payout Ratio
- 0%
- Annual Dividend
- $1.35
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 18, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $68.1M
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $6.94 – $9.15
- Dividend Safety
- F · 34/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.1130 | regular |
| Apr 20, 2026 | — | $0.1130 | regular |
| Mar 20, 2026 | — | $0.1130 | regular |
| Feb 17, 2026 | — | $0.1130 | regular |
| Aug 18, 2025 | — | $0.0830 | regular |
| Jul 18, 2025 | — | $0.0830 | regular |
| Jun 18, 2025 | — | $0.0830 | regular |
| May 19, 2025 | — | $0.0730 | regular |
| Apr 17, 2025 | — | $0.0730 | regular |
| Mar 20, 2025 | — | $0.0730 | regular |
| Dec 20, 2024 | — | $0.3240 | regular |
| Jun 16, 2023 | — | $0.0530 | regular |
| May 18, 2023 | — | $0.0530 | regular |
| Apr 17, 2023 | — | $0.0540 | regular |
Income Calculator
At $1.35 / yr per share
Per payment (monthly)$11.25
Annual$135.00
Monthly avg$11.25
