XAI OCTAGON FR/COM (XFLT) Plans Monthly Dividend of $0.07

XAI OCTAGON FR/COM (NYSE:XFLT) declared a monthly dividend on Monday, February 4th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.069 per share on Friday, March 1st. This represents a $0.83 annualized dividend and a dividend yield of 9.56%. The ex-dividend date of this dividend is Thursday, February 14th.

Shares of XFLT stock opened at $8.67 on Wednesday. XAI OCTAGON FR/COM has a 1 year low of $6.96 and a 1 year high of $10.77.

In other news, insider Lauren Michelle Basmadjian purchased 12,500 shares of the stock in a transaction dated Monday, January 14th. The shares were bought at an average cost of $8.02 per share, for a total transaction of $100,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 18,308 shares of company stock worth $145,882.

Separately, National Securities began coverage on XAI OCTAGON FR/COM in a research report on Monday, October 29th. They set a “buy” rating and a $13.00 price target on the stock.

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XAI OCTAGON FR/COM Company Profile

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.

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Dividend History for XAI OCTAGON FR/COM (NYSE:XFLT)

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