Saba Capital Income & Opportunities Fund II (SABA) to Issue Monthly Dividend of $0.06 on January 31st

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Investors of record on Friday, January 10th will be given a dividend of 0.058 per share on Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 7.71%. The ex-dividend date is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Stock Down 0.2 %

SABA stock opened at $9.03 on Wednesday. The business’s 50-day moving average price is $8.84 and its 200-day moving average price is $8.48. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $9.24.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $8.60, for a total transaction of $41,976.60. Following the transaction, the insider now owns 3,238,188 shares of the company’s stock, valued at approximately $27,848,416.80. This represents a 0.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 84,480 shares of company stock valued at $718,845. 5.62% of the stock is currently owned by insiders.

Saba Capital Income & Opportunities Fund II Company Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.