XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Plans $0.06 Monthly Dividend

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be given a dividend of 0.06 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Tuesday, February 17th.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.8%

XFLT traded down $0.04 during trading on Tuesday, reaching $4.37. The company had a trading volume of 500,648 shares, compared to its average volume of 440,287. The firm’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $5.04. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $4.35 and a 12-month high of $6.64.

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.