XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Thursday, January 16th will be paid a dividend of 0.077 per share on Monday, February 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 13.98%. The ex-dividend date is Thursday, January 16th.
XAI Octagon Floating Rate & Alternative Income Trust has raised its dividend by an average of 34.3% per year over the last three years.
XAI Octagon Floating Rate & Alternative Income Trust Price Performance
Shares of NYSE XFLT opened at $6.61 on Tuesday. The business’s 50 day moving average price is $6.80 and its two-hundred day moving average price is $6.88. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.29 and a twelve month high of $7.76.
About XAI Octagon Floating Rate & Alternative Income Trust
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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