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XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Dividend Yield % : 14.41% (As of May. 23, 2024)


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What is XAI Octagon Floating Rate & Alternativeome Trust Dividend Yield %?

As of today (2024-05-23), the Trailing Annual Dividend Yield of XAI Octagon Floating Rate & Alternativeome Trust is 14.41%.

Good Sign:

XAI Octagon Floating Rate & Alternative Income Trust stock dividend yield is close to 3-year high.

The historical rank and industry rank for XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % or its related term are showing as below:

XFLT' s Dividend Yield % Range Over the Past 10 Years
Min: 8.32   Med: 10.77   Max: 19.95
Current: 14.41

During the past 7 years, the highest Dividend Yield of XAI Octagon Floating Rate & Alternativeome Trust was 19.95%. The lowest was 8.32%. And the median was 10.77%.

XFLT's Dividend Yield % is ranked better than
96.31% of 1218 companies
in the Asset Management industry
Industry Median: 5.52 vs XFLT: 14.41

XAI Octagon Floating Rate & Alternativeome Trust's Dividend Payout Ratio for the six months ended in Sep. 2023 was 0.68.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of XAI Octagon Floating Rate & Alternative Income Trust is 0.85, which seems too high.

During the past 7 years, the highest Dividend Payout Ratio of XAI Octagon Floating Rate & Alternativeome Trust was 1.72. The lowest was 0.40. And the median was 0.78.

As of today (2024-05-23), the Forward Dividend Yield % of XAI Octagon Floating Rate & Alternativeome Trust is 14.41%.

XAI Octagon Floating Rate & Alternativeome Trust's Dividends per Share for the six months ended in Sep. 2023 was $0.51.

During the past 12 months, XAI Octagon Floating Rate & Alternativeome Trust's average Dividends Per Share Growth Rate was 8.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.50% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of XAI Octagon Floating Rate & Alternativeome Trust was 5.90% per year. The lowest was 0.90% per year. And the median was 1.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


XAI Octagon Floating Rate & Alternativeome Trust Dividend Yield % Historical Data

The historical data trend for XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

XAI Octagon Floating Rate & Alternativeome Trust Dividend Yield % Chart

XAI Octagon Floating Rate & Alternativeome Trust Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Dividend Yield %
Get a 7-Day Free Trial 9.47 13.32 10.21 14.75 13.47

XAI Octagon Floating Rate & Alternativeome Trust Semi-Annual Data
Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.21 10.34 14.75 13.63 13.47

Competitive Comparison of XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield %

For the Asset Management subindustry, XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % falls into.



XAI Octagon Floating Rate & Alternativeome Trust Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

XAI Octagon Floating Rate & Alternativeome Trust Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0850002024-05-152024-05-162024-06-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002024-04-122024-04-152024-05-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002024-03-142024-03-152024-04-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002024-02-142024-02-152024-03-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002024-01-122024-01-162024-02-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-12-142023-12-152023-12-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-11-142023-11-152023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-10-132023-10-162023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-09-142023-09-152023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-08-142023-08-152023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-07-142023-07-172023-08-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0850002023-06-142023-06-152023-07-03Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

XAI Octagon Floating Rate & Alternativeome Trust's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.02/7.08
=14.41 %

Current Share Price is $7.08.
XAI Octagon Floating Rate & Alternativeome Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.02.

XAI Octagon Floating Rate & Alternativeome Trust's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.02/7.08
=14.41 %

Current Share Price is $7.08.
XAI Octagon Floating Rate & Alternativeome Trust's Dividends per Share for the forward twelve months is calculated as $0.085 * 12 = $1.02.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


XAI Octagon Floating Rate & Alternativeome Trust  (NYSE:XFLT) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


XAI Octagon Floating Rate & Alternativeome Trust Dividend Yield % Related Terms

Thank you for viewing the detailed overview of XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Business Description

Traded in Other Exchanges
N/A
Address
321 North Clark Street, Suite 2430, Chicago, IL, USA, 60654
XAI Octagon FR & Alt Income Term Trust is a diversified, closed-end management investment company. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Executives
Theodore J Brombach officer: President & CEO, other: Interested Trustee 321 N. CLARK STREET, CHICAGO IL 60054
John Yogi Spence officer: CFO & Treasurer 321 N. CLARK STREET, CHICAGO IL 60054
Randi Jean Roessler officer: Chief Compliance Officer C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Benjamin Mcculloch officer: Secretary & CLO 321 NORTH CLARK STREET, SUITE 2430, CHICAGO IL 60654
John P Mcgarrity officer: Chief Legal & Secretary 321 N. CLARK STREET, CHICAGO IL 60054
Eagle Point Credit Management Llc 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Ep Dif Cayman I Lp 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Core Income Fund Lp 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Cif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Sean Michael Gleason other: Sub-Adviser Inv Comm Member 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Philip G Franklin other: Trustee C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Andrew David Gordon other: Sub-Adviser Inv Comm Member 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Scott C Jones other: Trustee C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Maegan Gallagher Boger other: Sub-Adviser Inv Comm Member 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177

XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Headlines

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