Saba Capital Income & Opportunities Fund (NYSE:BRW) Shareholders to Collect $0.09 Monthly Dividend

Saba Capital Income & Opportunities Fund (NYSE:BRW) announced a monthly dividend on Friday, October 30th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.0850 per share on Monday, November 30th. This represents a $1.02 annualized dividend and a dividend yield of 16.9%. The ex-dividend date is Tuesday, November 10th.

Saba Capital Income & Opportunities Fund has increased its dividend by an average of 45.7% annually over the last three years.

Saba Capital Income & Opportunities Fund Trading Up 2.3%

Shares of BRW stock opened at $6.04 on Friday. Saba Capital Income & Opportunities Fund has a 1-year low of $5.82 and a 1-year high of $7.29. The stock’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $6.52.

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.