XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest (XFLT) Announces $0.07 Monthly Dividend

XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest (NYSE:XFLT) announced a monthly dividend on Friday, January 5th, Wall Street Journal reports. Investors of record on Tuesday, January 16th will be given a dividend of 0.069 per share on Thursday, February 1st. This represents a $0.83 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date of this dividend is Friday, January 12th.

XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest (NYSE XFLT) traded up $0.11 during trading on Friday, reaching $9.67. 19,400 shares of the company were exchanged, compared to its average volume of 21,500. XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest has a twelve month low of $9.27 and a twelve month high of $12.50.

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