XAI Octagon Floating Rate & Alternative Income Trust sets a $0.225 per share dividend for July, reflecting a 15.3% forward yield.
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) announced a $0.225 per share monthly dividend, maintaining its high-yield profile. The payment yields 15.3% on an annualized forward basis, aligning with prior distributions.
The dividend is payable on August 3 to shareholders of record as of July 15, with an ex-dividend date also set for July 15. XFLT’s consistent payouts target income-focused investors amid elevated interest rates.
No immediate market reaction was disclosed, though the yield remains competitive in the floating-rate income sector.