XAI Octagon Floating Rate & Alternative Income Trust Declares Monthly Dividend of $0.09 (NYSE:XFLT)

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 14.57%. The ex-dividend date of this dividend is Friday, November 15th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend payment by an average of 19.6% annually over the last three years. XAI Octagon Floating Rate & Alternative Income Trust has a payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XFLT traded up $0.01 during trading on Thursday, hitting $7.00. The stock had a trading volume of 168,973 shares, compared to its average volume of 436,962. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.53 and a twelve month high of $7.76. The company’s 50-day moving average price is $6.87 and its 200 day moving average price is $6.98.

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.