XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.2250 per share on Tuesday, December 1st. This represents a $2.70 annualized dividend and a dividend yield of 16.4%. The ex-dividend date is Monday, November 16th.
XAI Octagon Floating Rate & Alternative Income Trust Trading Up 1.6%
Shares of NYSE:XFLT opened at $16.43 on Tuesday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $14.92 and a one year high of $24.90. The company has a 50 day moving average of $18.61 and a 200-day moving average of $18.56.
XAI Octagon Floating Rate & Alternative Income Trust Company Profile
XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) is a non-diversified, closed-end management investment company that seeks to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in floating-rate credit instruments and other alternative income-producing assets.
XFLT’s portfolio may include collateralized loan obligations (CLOs), including both debt and equity tranches, as well as senior secured loans and other below-investment-grade corporate credit.
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