XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Declares Monthly Dividend of $0.23

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Monday, August 17th will be given a dividend of 0.225 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Monday, August 17th.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of NYSE:XFLT opened at $18.74 on Tuesday. XAI Octagon Floating Rate & Alternative Income Trust has a one year low of $14.92 and a one year high of $28.50. The firm has a fifty day moving average price of $17.89 and a two-hundred day moving average price of $18.50.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of XFLT. Bank of America Corp DE purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter worth about $34,000. Global Retirement Partners LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth $40,000. Blue Bell Private Wealth Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at about $41,000. CoreCap Advisors LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the second quarter valued at approximately $51,000. Finally, Highland Financial Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $56,000.

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.