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 Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.225 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date is Tuesday, September 15th.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XFLT stock traded up $0.04 during mid-day trading on Wednesday, reaching $18.95. 2,677 shares of the company traded hands, compared to its average volume of 108,078. The firm’s 50 day moving average price is $18.40 and its 200 day moving average price is $18.04. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $14.92 and a fifty-two week high of $28.50.

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.