XAI Octagon Floating Rate & Alternative Income Term Trust
Dividend Yield & History

Yes, XAI Octagon Floating Rate & Alternative Income Term Trust pays dividends to its shareholders. The current dividend yield for the trailing 12 months is at 15.21%.

The last payment date was on 1 Mar 2022.

The most recent quarterly dividend was $0.07. The total yearly dividend (TTM) amounted to $0, per share.

Dividend is money paid to shareholders of a company as a reward for their investment in the company's equity. Most often, they are paid out in form of cash or additional stocks.

Dividends are paid per share, meaning for every share held a shareholder gets a declared percentage of the company’s net earnings. Dividend payouts are usually on an annual or quarterly basis.

The percentage of a company's total earnings that is paid to its shareholders.

The dividend ratio can be calculated by dividing the annual amount paid out in dividends by net earnings of the company.

The dividend yield determines the rate of return to shareholders of a company via dividends.

The dividend yield can be calculated by dividing the annual dividends per share by the price per share.

The declaration date is the day when a company announces its nearest dividend payment date.

If you buy shares of a company before its ex-dividend date, you are sure to be paid the nearest scheduled dividend on the payment date. Conversely, all shareholders who sold their shares prior to this date will not receive the next scheduled dividend.

If an investor is listed as a shareholder of a company on this day, they are eligible to receive the nearest scheduled dividend. The record date is one business day after the ex-dividend date.

The payment date is a day when the dividends are paid out to all shareholders eligible to receive the latest dividend.