XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend 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 Performance
Shares of NYSE:XFLT traded down $0.08 during trading on Thursday, reaching $5.85. 762,258 shares of the company were exchanged, compared to its average volume of 549,892. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $5.76 and a 12-month high of $7.30. The business’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $6.63.
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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