XAI Octagon Floating Rate & Alternative Income Trust (XFLT) to Issue Monthly Dividend of $0.06 on January 30th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.06 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend is Thursday, January 15th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

NYSE:XFLT traded up $0.03 on Tuesday, hitting $4.73. 178,716 shares of the stock were exchanged, compared to its average volume of 401,985. The company’s 50-day moving average price is $4.67 and its 200 day moving average price is $5.15. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $4.41 and a 52 week high of $6.65.

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.