XAI Octagon Floating Rate & Alternative Income Trust (XFLT) To Go Ex-Dividend on February 17th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be given a dividend of 0.06 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 17.7%. The ex-dividend date is Tuesday, February 17th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE XFLT opened at $4.08 on Friday. The company’s fifty day moving average is $4.55 and its two-hundred day moving average is $4.96. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $4.03 and a one year high of $6.60.

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.