XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Announces Monthly Dividend of $0.08

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.077 per share on Tuesday, April 1st. This represents a $0.92 annualized dividend and a dividend yield of 14.39%. The ex-dividend date is Monday, March 17th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend by an average of 27.0% annually over the last three years.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.3 %

Shares of XFLT stock traded down $0.02 on Tuesday, hitting $6.42. 362,917 shares of the stock were exchanged, compared to its average volume of 623,954. The firm’s 50 day moving average is $6.55 and its two-hundred day moving average is $6.75. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $6.29 and a one year high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.