XAI Octagon Floating Rate & Alternative Income Trust (XFLT) To Go Ex-Dividend on November 16th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.2250 per share on Tuesday, December 1st. This represents a $2.70 annualized dividend and a yield of 16.4%. The ex-dividend date is Monday, November 16th.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XFLT stock opened at $16.50 on Wednesday. The business has a fifty day moving average of $18.55 and a two-hundred day moving average of $18.52. XAI Octagon Floating Rate & Alternative Income Trust has a 52-week low of $14.92 and a 52-week high of $24.90.

Insider Buying and Selling

In other news, VP John Spence bought 2,000 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was bought at an average cost of $17.07 per share, for a total transaction of $34,140.00. Following the acquisition, the vice president directly owned 114,357 shares of the company’s stock, valued at $1,952,073.99. The trade was a 1.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

A hedge fund recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. CoreCap Advisors LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,916 shares of the company’s stock, valued at approximately $51,000.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) is a non-diversified, closed-end management investment company that seeks to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in floating-rate credit instruments and other alternative income-producing assets.

XFLT’s portfolio may include collateralized loan obligations (CLOs), including both debt and equity tranches, as well as senior secured loans and other below-investment-grade corporate credit.