XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.077 per Share
Portfolio Pulse from
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) has announced a monthly distribution of $0.077 per share, a 9.41% decrease from the previous month's $0.085. The distribution is payable on December 30, 2024, to shareholders of record as of December 16, 2024.
December 02, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
XAI Octagon Floating Rate & Alternative Income Trust has reduced its monthly distribution to $0.077 per share, a 9.41% decrease from the previous month. This may impact investor sentiment negatively.
The reduction in the monthly distribution from $0.085 to $0.077 per share represents a significant decrease of 9.41%. This could lead to negative investor sentiment as dividends are a key factor for income-focused investors. The announcement is directly related to XFLT, making it highly relevant and important for investors in this trust.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100