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

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Wednesday, October 2nd, NASDAQ reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.0725 per share on Thursday, October 10th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.07.

Global X Alternative Income ETF Stock Down 1.1 %

NASDAQ:ALTY traded down $0.13 during midday trading on Thursday, hitting $11.95. The company had a trading volume of 25,592 shares, compared to its average volume of 10,488. 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 has a 52-week low of $10.31 and a 52-week high of $12.12. The stock’s fifty day moving average price is $11.75 and its 200-day moving average price is $11.51.

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.