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XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) 3-Year Dividend Growth Rate : 5.90% (As of Sep. 2023)


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What is XAI Octagon Floating Rate & Alternativeome Trust 3-Year Dividend Growth Rate?

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

The historical rank and industry rank for XAI Octagon Floating Rate & Alternativeome Trust's 3-Year Dividend Growth Rate or its related term are showing as below:

XFLT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.9   Med: 1.9   Max: 5.9
Current: 5.9

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.

XFLT's 3-Year Dividend Growth Rate is ranked better than
66.05% of 866 companies
in the Asset Management industry
Industry Median: 1.8 vs XFLT: 5.90

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. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

XAI Octagon Floating Rate & Alternativeome Trust's Dividend Payout Ratio for the six months ended in Sep. 2023 was 0.68. As of today, XAI Octagon Floating Rate & Alternativeome Trust's Dividend Yield % is 14.29%.

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.

Good Sign:

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

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


Competitive Comparison of XAI Octagon Floating Rate & Alternativeome Trust's 3-Year Dividend Growth Rate

For the Asset Management subindustry, XAI Octagon Floating Rate & Alternativeome Trust's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, XAI Octagon Floating Rate & Alternativeome Trust's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where XAI Octagon Floating Rate & Alternativeome Trust's 3-Year Dividend Growth Rate falls into.



XAI Octagon Floating Rate & Alternativeome Trust 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


XAI Octagon Floating Rate & Alternativeome Trust  (NYSE:XFLT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

XAI Octagon Floating Rate & Alternativeome Trust's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2023 )/ EPS without NRI (Q: Sep. 2023 )
=0.51/ 0.748
=0.68

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.

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.

2. 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 0.0850002024-04-122024-04-152024-05-01Cash 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
USD 0.0850002023-05-152023-05-162023-06-01Cash 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 Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.02/7.14
=14.29 %

Current Share Price is $7.14.
XAI Octagon Floating Rate & Alternativeome Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.02.

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 10.66%.

Good Sign:

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

* 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 3-Year Dividend Growth Rate Related Terms>


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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