XAI Octagon Floating Rate & Alternative Income Trust sets a $0.225 per share dividend payable September 1 for August 17 record date.
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) announced a $0.225 per share monthly dividend, reflecting a 14.42% forward yield. The dividend is payable on September 1 to shareholders of record as of August 17, with an ex-dividend date also set for August 17.
The trust’s dividend yield remains elevated compared to broader fixed-income markets, aligning with its strategy to provide high income through floating rate and alternative investments. Prior monthly dividends have consistently targeted similar yield levels, supporting investor demand for income-generating assets.
No immediate market reaction was specified, though the yield may attract income-focused investors amid current interest rate conditions.