XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.077 per share on Thursday, May 1st. This represents a $0.92 annualized dividend and a yield of 15.81%. The ex-dividend date is Tuesday, April 15th.
XAI Octagon Floating Rate & Alternative Income Trust has raised its dividend by an average of 27.0% annually over the last three years.
XAI Octagon Floating Rate & Alternative Income Trust Stock Down 1.3 %
Shares of NYSE XFLT traded down $0.08 during mid-day trading on Thursday, hitting $5.85. The stock had a trading volume of 762,258 shares, compared to its average volume of 549,892. The business has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $6.63. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $5.76 and a 1 year high of $7.30.
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.
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