XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Plans $0.08 Monthly Dividend

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.077 per share on Monday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 14.20%. The ex-dividend date is Tuesday, February 18th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend by an average of 29.3% annually over the last three years.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE:XFLT opened at $6.51 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $6.29 and a 1-year high of $7.42. The business has a fifty day moving average price of $6.61 and a 200-day moving average price of $6.79.

About XAI Octagon Floating Rate & Alternative Income Trust

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.