XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be paid a dividend of 0.225 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Monday, August 17th.
XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.1%
NYSE:XFLT opened at $19.30 on Friday. The stock’s 50-day moving average is $17.99 and its two-hundred day moving average is $18.27. 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.
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