XAI Octagon Floating Rate & Alternative Income Trust (XFLT) to Issue Dividend of $0.08 on December 30th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.077 per share on Monday, December 30th. The ex-dividend date of this dividend is Monday, December 16th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend payment by an average of 19.6% per year over the last three years. XAI Octagon Floating Rate & Alternative Income Trust has a dividend payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 4.5 %

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock opened at $6.83 on Wednesday. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $6.53 and a 52-week high of $7.76. The company has a fifty day moving average of $6.90 and a 200-day moving average of $6.97.

About XAI Octagon Floating Rate & Alternative Income Trust

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.