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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.077 per share on Monday, March 3rd. This represents a $0.92 annualized dividend and a yield of 13.99%. The ex-dividend date of this dividend is Tuesday, February 18th.

XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend by an average of 29.3% annually over the last three years.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.4 %

Shares of XFLT traded up $0.03 during mid-day trading on Tuesday, reaching $6.61. The company’s stock had a trading volume of 472,379 shares, compared to its average volume of 679,208. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $6.29 and a 52 week high of $7.76. The company’s fifty day moving average price is $6.67 and its two-hundred day moving average price is $6.82.

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.