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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.06 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 15.4%. The ex-dividend date is Thursday, January 15th.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of XFLT stock traded down $0.02 on Tuesday, hitting $4.69. The stock had a trading volume of 81,790 shares, compared to its average volume of 386,774. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $4.41 and a twelve month high of $6.65. The company has a fifty day moving average price of $4.67 and a two-hundred day moving average price of $5.15.

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.