XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.225 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend is Monday, June 15th.
XAI Octagon Floating Rate & Alternative Income Trust Price Performance
Shares of XFLT stock traded down $0.13 during trading hours on Tuesday, hitting $18.46. 114,465 shares of the company’s stock traded hands, compared to its average volume of 123,437. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $14.92 and a 12-month high of $29.30. The stock’s fifty day simple moving average is $17.99 and its two-hundred day simple moving average is $20.21.
About XAI Octagon Floating Rate & Alternative Income Trust
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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