XAI Octagon Floating Rate & Alternative Income Trust Declares Dividend of $0.08 (NYSE:XFLT)

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) declared a dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.077 per share on Monday, December 30th. The ex-dividend date is Monday, December 16th.

XAI Octagon Floating Rate & Alternative Income Trust has raised its dividend payment by an average of 19.6% per year over the last three years. XAI Octagon Floating Rate & Alternative Income Trust has a dividend payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

Shares of XFLT traded down $0.32 during mid-day trading on Tuesday, hitting $6.83. The stock had a trading volume of 3,630,543 shares, compared to its average volume of 461,539. The company’s fifty day simple moving average is $6.90 and its two-hundred day simple moving average is $6.97. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $6.53 and a fifty-two week high of $7.76.

About XAI Octagon Floating Rate & Alternative Income Trust

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.