XAI Octagon Floating Rate & Alternative Income Trust Plans Monthly Dividend of $0.07 (NYSE:XFLT)

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Monday, November 17th will be paid a dividend of 0.07 per share on Monday, December 1st. This represents a c) annualized dividend and a yield of 16.9%. The ex-dividend date of this dividend is Monday, November 17th.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XFLT traded up $0.05 during trading on Tuesday, hitting $4.98. The stock had a trading volume of 184,382 shares, compared to its average volume of 532,247. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $4.73 and a twelve month high of $7.16. The stock has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $5.49.

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.