XAI Octagon Floating Rate & Alternative Income Trust Plans Monthly Dividend of $0.23 (NYSE:XFLT)

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.225 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Tuesday, September 15th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.2%

XFLT stock traded up $0.04 during trading on Wednesday, hitting $18.95. 4,040 shares of the company’s stock traded hands, compared to its average volume of 108,079. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $14.92 and a 52 week high of $28.50. The stock has a fifty day moving average price of $18.40 and a two-hundred day moving average price of $18.04.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.