XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Announces Monthly Dividend of $0.07

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Monday, November 3rd. Investors of record on Monday, November 17th will be paid a dividend of 0.07 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 16.9%. The ex-dividend date of this dividend is Monday, November 17th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.9%

NYSE XFLT traded up $0.05 on Tuesday, hitting $4.98. 225,465 shares of the company’s stock were exchanged, compared to its average volume of 532,561. The stock has a 50-day moving average of $5.27 and a 200-day moving average of $5.49. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $4.73 and a 52 week high of $7.16.

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.