XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Declares Monthly Dividend of $0.23

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.225 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 15.3%. The ex-dividend date of this dividend is Wednesday, April 15th. This is a 275.0% increase from XAI Octagon Floating Rate & Alternative Income Trust’s previous monthly dividend of $0.06.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XFLT traded up $0.07 during mid-day trading on Monday, hitting $17.67. 115,427 shares of the stock were exchanged, compared to its average volume of 141,367. The firm’s fifty day moving average is $17.91 and its two-hundred day moving average is $21.82. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $14.92 and a 1-year high of $29.30.

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.