Global X Alternative Income ETF (NASDAQ:ALTY) Plans Dividend Increase – $0.07 Per Share

Posted by Stephan Jacobs on Oct 4th, 2024

Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) announced a monthly dividend on Wednesday, October 2nd, NASDAQ reports. Shareholders of record on Thursday, October 3rd will be given a dividend of 0.0725 per share on Thursday, October 10th. This represents a $0.87 annualized dividend and a yield of 7.28%. The ex-dividend date is Thursday, October 3rd. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.07.

Global X Alternative Income ETF Stock Down 0.5 %

NASDAQ:ALTY opened at $11.95 on Friday. Global X Alternative Income ETF has a 52-week low of $10.31 and a 52-week high of $12.12. The stock has a fifty day simple moving average of $11.76 and a 200-day simple moving average of $11.51. The company has a market capitalization of $34.42 million, a PE ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Company Profile

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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.