XAI OCTAGON FR/COM (NYSE:XFLT) announced a monthly dividend on Monday, February 4th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.069 per share on Friday, March 1st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date of this dividend is Thursday, February 14th.

Shares of NYSE:XFLT opened at $8.43 on Tuesday. XAI OCTAGON FR/COM has a 12-month low of $6.96 and a 12-month high of $10.77.

In related news, insider Lauren Michelle Basmadjian purchased 12,500 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The stock was acquired at an average cost of $8.02 per share, for a total transaction of $100,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders purchased 18,308 shares of company stock valued at $145,882.

Separately, National Securities restated a “buy” rating and set a $13.00 price objective on shares of XAI OCTAGON FR/COM in a report on Tuesday, December 18th.

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XAI OCTAGON FR/COM Company Profile

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.

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Dividend History for XAI OCTAGON FR/COM (NYSE:XFLT)

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