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

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.08 per share on Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Thursday, September 3rd. This is a 1.3% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Global X Alternative Income ETF Trading Up 0.2%

ALTY stock opened at $12.28 on Thursday. The stock has a market capitalization of $45.44 million, a price-to-earnings ratio of 17.85 and a beta of 0.59. The firm’s 50-day moving average price is $12.36 and its two-hundred day moving average price is $12.31. Global X Alternative Income ETF has a 12-month low of $11.65 and a 12-month high of $12.58.

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.