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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.077 per share on Monday, February 3rd. This represents a $0.92 annualized dividend and a dividend yield of 13.63%. The ex-dividend date of this dividend is Thursday, January 16th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend payment by an average of 19.6% per year over the last three years.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of NYSE:XFLT traded up $0.06 during trading on Friday, reaching $6.78. 572,740 shares of the company’s stock traded hands, compared to its average volume of 600,120. The company has a 50 day moving average of $6.83 and a 200-day moving average of $6.90. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.76.

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.