XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Plans 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. Stockholders of record on Monday, March 17th will be given a dividend of 0.077 per share on Tuesday, April 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.39%. The ex-dividend date is Monday, March 17th.

XAI Octagon Floating Rate & Alternative Income Trust has raised its dividend payment by an average of 27.0% per year over the last three years.

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

NYSE XFLT traded down $0.02 during trading hours on Tuesday, reaching $6.42. 362,917 shares of the company’s stock traded hands, compared to its average volume of 623,954. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $6.29 and a 52-week high of $7.30. The firm has a 50-day simple moving average of $6.55 and a 200 day simple moving average of $6.75.

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.