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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Thursday, April 30th. Investors of record on Friday, May 15th will be paid a dividend of 0.225 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date is Friday, May 15th.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.1%

XFLT stock traded up $0.01 during trading on Wednesday, hitting $19.25. 31,105 shares of the stock traded hands, compared to its average volume of 129,125. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $14.92 and a one year high of $29.30. The company has a 50 day simple moving average of $17.27 and a 200 day simple moving average of $20.78.

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.