XAI Octagon Floating Rate & Alternative Income Trust (XFLT) to Issue Monthly Dividend of $0.06 on January 30th

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.06 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 15.3%. The ex-dividend date of this dividend is Thursday, January 15th.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

NYSE XFLT traded up $0.02 on Tuesday, hitting $4.72. The stock had a trading volume of 154,904 shares, compared to its average volume of 400,179. The company’s 50-day moving average is $4.67 and its two-hundred day moving average is $5.15. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $4.41 and a one year high of $6.65.

About XAI Octagon Floating Rate & Alternative Income Trust

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.