SmarterDividends
DMA

Destra Multi-Alternative Fund

DMA

Financial Services · Asset Management · Stock · monthly payer

$7.23

Undervalued · +150% Add to Portfolio

Forward Yield

19.09%

Annual Dividend

$1.38

Payout Ratio

0%

5-Yr Growth

—

Ex-Date

Oct 20, 2026

Frequency

Monthly

Key facts about DMA's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 20, 2026, Destra Multi-Alternative Fund (DMA) has a forward dividend yield of 19.09%, based on an annual dividend of $1.38 per share and a share price of $7.23.
  • As of Oct 20, 2026, DMA's dividend safety grade from SmarterDividends is D (43 out of 100), which rates the dividend as unsafe.
  • DMA last cut its regular dividend in 2023.
  • DMA's next ex-dividend date is Oct 20, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 20, 2026, DMA's 19.09% yield is 216% above its five-year average yield of 6.03%.
  • As of Oct 20, 2026, SmarterDividends' blended fair-value estimate for DMA is $18.06 per share, 150% above the $7.23 share price, so DMA screens as undervalued.
  • Destra Multi-Alternative Fund (DMA) pays its dividend monthly, 12 times a year.
  • Destra Multi-Alternative Fund (DMA) has raised its regular dividend 7 times and cut it 9 times across the 33 payments on record since 2022. Its most recent change was a 36.1% increase to $0.113 per share, going ex-dividend on Feb 17, 2026. The last cut went ex-dividend on May 18, 2023.
Cite this page

SmarterDividends, "DMA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 20, 2026, https://smarterdividends.com/stocks/DMA

Summary

As of Oct 20, 2026, Destra Multi-Alternative Fund (DMA) yields 19.09% ($1.38 a year per share) and has a dividend safety grade of D (43/100).

Is DMA a good dividend stock?

Mixed

Destra Multi-Alternative Fund (DMA) pays a monthly dividend yielding 19.09% ($1.38/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
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    19.09%
    Payout Ratio
    0%
    Annual Dividend
    $1.38
    5-Yr Avg Growth
    —
    Ex-Dividend Date
    Oct 20, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    —
    Market Cap
    $64.8M
    P/E Ratio
    —
    5-Yr Total Return
    -14%
    52-Week Range
    $6.94 – $9.15
    Dividend Safety
    D · 43/100
    Ever Cut?
    Yes (2023)

    DMA dividend raises and cuts

    Destra Multi-Alternative Fund (DMA) has raised its regular dividend 7 times and cut it 9 times across the 33 payments on record since 2022. Its most recent change was a 36.1% increase to $0.113 per share, going ex-dividend on Feb 17, 2026. The last cut went ex-dividend on May 18, 2023.

    Ex-dateChangeOld → newMove
    Feb 17, 2026Raise$0.0830 → $0.113+36.1%
    Jun 18, 2025Raise$0.0730 → $0.0830+13.7%
    Mar 20, 2025Raise$0.0530 → $0.0730+37.7%
    May 18, 2023Cut$0.0540 → $0.0530−1.9%
    Apr 17, 2023Cut$0.0550 → $0.0540−1.8%
    Mar 17, 2023Cut$0.0560 → $0.0550−1.8%
    Feb 16, 2023Raise$0.0550 → $0.0560+1.8%
    Dec 19, 2022Cut$0.0560 → $0.0550−1.8%
    Nov 17, 2022Raise$0.0540 → $0.0560+3.7%
    Oct 20, 2022Cut$0.0560 → $0.0540−3.6%
    Sep 19, 2022Cut$0.0570 → $0.0560−1.8%
    Aug 18, 2022Raise$0.0560 → $0.0570+1.8%
    Show all 16 changes since 2022
    Ex-dateChangeOld → newMove
    Jul 18, 2022Cut$0.0590 → $0.0560−5.1%
    May 19, 2022Cut$0.0600 → $0.0590−1.7%
    Apr 18, 2022Raise$0.0590 → $0.0600+1.7%
    Mar 18, 2022Cut$0.0600 → $0.0590−1.7%
    Every DMA payment →Download every raise and cut (CSV)
    DMA ex-dividend date & scheduleNext ex-date Oct 20, 2026 · full ex-dividend historyView →DMA dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is DMA a good dividend stock?

    Mixed. Destra Multi-Alternative Fund (DMA) pays a monthly dividend yielding 19.09% ($1.38/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.

    Is DMA undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DMA's fair value is about $18.06 versus a $7.23 share price — so it looks undervalued (+150% vs. fair value).

    Is DMA's dividend safe?

    DMA has a dividend-safety grade of D (43/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is DMA's fair value?

    Our blended fair-value estimate for DMA is about $18.06 per share, roughly 150% above the current $7.23 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is DMA a buy, hold, or sell?

    We don't issue formal ratings, but on the data DMA screens as "mixed" and undervalued. Destra Multi-Alternative Fund (DMA) pays a monthly dividend yielding 19.09% ($1.38/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. This is research for your own analysis, not investment advice.

    Will DMA cut its dividend?

    DMA earns a dividend-safety grade of D (43/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does DMA pay a dividend?

    Yes. Destra Multi-Alternative Fund pays a monthly dividend of about $1.38 per share annually, a forward yield of roughly 19.09%.

    What is DMA's dividend yield?

    As of Oct 20, 2026, DMA's forward dividend yield is 19.09%, based on a $1.38 annual dividend and a $7.23 share price.

    What is DMA's dividend per share?

    As of Oct 20, 2026, DMA pays $1.38 per share per year, distributed on a monthly basis.

    What is DMA's dividend payout ratio?

    As of Oct 20, 2026, DMA's payout ratio is 0% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

    How many years has DMA grown its dividend?

    DMA does not currently have a long dividend-growth streak on record.

    When is the next DMA ex-dividend date?

    As of Oct 20, 2026, the next ex-dividend date on record for DMA is Oct 20, 2026.

    Income Calculator

    At $1.38 / yr per share

    Per payment (monthly)$11.50
    Annual$138.00
    Monthly avg$11.50

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