XAI Octagon Floating Rate & Alternative Income Trust (XFLT) To Go Ex-Dividend on April 15th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.077 per share on Thursday, May 1st. This represents a $0.92 annualized dividend and a dividend yield of 17.22%. The ex-dividend date is Tuesday, April 15th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend by an average of 27.0% per year over the last three years.

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

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $5.37 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $4.76 and a one year high of $7.30. The stock has a fifty day moving average of $6.13 and a 200 day moving average of $6.55.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

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.