Global X Alternative Income ETF Announces Monthly Dividend of $0.07 (NASDAQ:ALTY)

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Tuesday, July 2nd, NASDAQ reports. Shareholders of record on Wednesday, July 3rd will be paid a dividend of 0.0672 per share on Thursday, July 11th. This represents a $0.81 annualized dividend and a yield of 7.06%. The ex-dividend date is Wednesday, July 3rd.

Global X Alternative Income ETF Price Performance

Shares of ALTY stock traded up $0.07 during midday trading on Wednesday, hitting $11.42. The company had a trading volume of 38,093 shares, compared to its average volume of 11,002. The stock has a market cap of $35.06 million, a price-to-earnings ratio of 15.21 and a beta of 0.99. The company’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $11.33. Global X Alternative Income ETF has a 52-week low of $10.31 and a 52-week 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.