Global X Alternative Income ETF (NASDAQ:ALTY) Announces Monthly Dividend of $0.08

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Monday, May 4th, NASDAQ Dividends reports. Stockholders of record on Tuesday, May 5th will be given a dividend of 0.079 per share on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, May 5th. This is a 0.9% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Global X Alternative Income ETF Stock Performance

Shares of ALTY stock traded down $0.05 during mid-day trading on Tuesday, reaching $12.34. 8,211 shares of the company were exchanged, compared to its average volume of 21,790. Global X Alternative Income ETF has a fifty-two week low of $11.27 and a fifty-two week high of $12.58. The company has a market capitalization of $44.18 million, a P/E ratio of 17.85 and a beta of 0.61. The business’s 50 day simple moving average is $12.25 and its 200 day simple moving average is $12.12.

About Global X Alternative Income ETF

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.