Destra Multi-Alternative Fund
DMAFinancial Services · Stock · monthly payer
Forward Yield
17.67%
Annual Dividend
$1.35
Payout Ratio
0%
5-Yr Growth
—
Ex-Date
Aug 21, 2026
Frequency
Monthly
Summary
As of August 2026, Destra Multi-Alternative Fund (DMA) yields 17.67% ($1.35 per share annually), with a blended fair-value estimate of $8.94 — +19% upside, so it screens as undervalued. Dividend safety grade: D (43/100).
Is DMA a good dividend stock?
MixedDestra Multi-Alternative Fund (DMA) pays a monthly dividend yielding 17.67% ($1.35/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 17.67%
- Payout Ratio
- 0%
- Annual Dividend
- $1.35
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $68.2M
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $6.94 – $9.15
- Dividend Safety
- D · 43/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
DMA Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
+26%
5 Years
—
52-Week Range
$6.94 – $9.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DMA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Destra Multi-Alternative Fund is $8.94 per share, versus a market price of $7.52. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$8.94
Current Price
$7.52
Upside
+19%
Margin of Safety
16%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 11.2% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$0.17 EPS, $1.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DMA Dividend Safety Score
Risky
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 21, 2026 | — | $0.1130 | regular |
| Jun 18, 2026 | — | $0.1130 | regular |
| 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 |
Income Calculator
At $1.35 / yr per share
