XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Thursday, January 16th will be given a dividend of 0.077 per share on Monday, February 3rd. This represents a $0.92 annualized dividend and a yield of 13.63%. The ex-dividend date of this dividend is Thursday, January 16th.
XAI Octagon Floating Rate & Alternative Income Trust has increased its dividend by an average of 19.6% per year over the last three years.
XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.9 %
Shares of XFLT stock traded up $0.06 during mid-day trading on Friday, reaching $6.78. The stock had a trading volume of 572,740 shares, compared to its average volume of 600,120. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $6.29 and a 12-month high of $7.76. The business has a 50-day simple moving average of $6.83 and a 200 day simple moving average of $6.90.
XAI Octagon Floating Rate & Alternative Income Trust Company Profile
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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