XAI Octagon Floating Rate & Alternative Income Trust Declares Monthly Dividend of $0.225 per Share
The XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has declared a monthly dividend of $0.225 per share, representing an annualized yield of approximately 14.28%. The dividend is payable on October 1 to shareholders of record as of September 15, with the ex-dividend date also set for September 15. The announcement comes amid ongoing discussions around potential shareholder actions and a possible shift in strategy by XFLT's advisor toward liquidation at net asset value (NAV). Analysts have highlighted this dividend declaration as an attractive feature for income-focused investors seeking high-yield opportunities, despite the current market discount on shares.
Tickers: $XFLT
Topics: dividends income trusts