XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) announced a monthly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.225 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend is Friday, May 15th.
XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.1%
XAI Octagon Floating Rate & Alternative Income Trust stock traded up $0.02 during trading hours on Wednesday, reaching $19.26. 33,452 shares of the stock were exchanged, compared to its average volume of 129,166. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $14.92 and a twelve month high of $29.30. The stock has a 50 day moving average of $17.27 and a two-hundred day 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.
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