XAI Octagon Floating Rate & Alternative Income Trust (XFLT) to Distribute Monthly Dividend of $0.23 on October 1st

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.225 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XAI Octagon Floating Rate & Alternative Income Trust stock opened at $19.48 on Friday. The company’s 50-day moving average price is $18.68 and its 200-day moving average price is $18.02. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $14.92 and a twelve month high of $28.50.

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.