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

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Tuesday, July 2nd, NASDAQ reports. Stockholders 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 dividend yield of 7.06%. The ex-dividend date is Wednesday, July 3rd.

Global X Alternative Income ETF Stock Performance

NASDAQ:ALTY traded up $0.07 during trading hours on Wednesday, hitting $11.42. 38,093 shares of the company’s stock traded hands, compared to its average volume of 11,002. Global X Alternative Income ETF has a twelve month low of $10.31 and a twelve month high of $11.65. The firm has a market cap of $35.06 million, a P/E ratio of 15.21 and a beta of 0.99. The stock’s fifty day moving average price is $11.33 and its two-hundred day moving average price is $11.33.

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.