Global X Alternative Income ETF (NASDAQ:ALTY) to Issue 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 Price Performance

ALTY traded down $0.05 during trading on Tuesday, hitting $12.34. The stock had a trading volume of 8,211 shares, compared to its average volume of 21,790. The company has a 50 day moving average price of $12.25 and a 200-day moving average price of $12.12. The firm has a market cap of $44.18 million, a price-to-earnings ratio of 17.85 and a beta of 0.61. Global X Alternative Income ETF has a one year low of $11.27 and a one year high of $12.58.

Global X Alternative Income ETF Company Profile

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.