XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Plans $0.23 Monthly Dividend

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid 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 is Monday, June 15th.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 0.5%

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $18.50 on Tuesday. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $14.92 and a fifty-two week high of $29.30. The firm has a 50 day moving average price of $17.99 and a 200 day moving average price of $20.21.

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.