Global X Alternative Income ETF (NASDAQ:ALTY) to Issue $0.07 Monthly Dividend

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Thursday, May 2nd, NASDAQ reports. Investors of record on Monday, May 6th will be given a dividend of 0.0672 per share on Monday, May 13th. This represents a $0.81 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend is Friday, May 3rd.

Global X Alternative Income ETF Stock Up 0.4 %

Global X Alternative Income ETF stock traded up $0.05 during trading hours on Friday, hitting $11.28. 31,779 shares of the company traded hands, compared to its average volume of 11,801. The firm’s 50-day simple moving average is $11.34 and its two-hundred day simple moving average is $11.17. The firm has a market cap of $34.63 million, a P/E ratio of 14.89 and a beta of 0.99. Global X Alternative Income ETF has a 1-year low of $10.31 and a 1-year high of $11.65.

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.