XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.085 per share on Friday, November 1st. This represents a $1.02 dividend on an annualized basis and a yield of 14.80%. The ex-dividend date is Tuesday, October 15th.
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 has a dividend 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 tumble.
XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.1 %
Shares of NYSE:XFLT opened at $6.89 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $6.41 and a 1 year high of $7.76. The firm’s 50-day moving average is $6.88 and its two-hundred day moving average is $7.01.
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.
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