Saba Closed-End Funds ETF (BATS:CEFS) to Issue Monthly Dividend of $0.27

Saba Closed-End Funds ETF (BATS:CEFS) announced a monthly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be given a dividend of 0.266 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Tuesday, December 30th. This is a 90.0% increase from Saba Closed-End Funds ETF’s previous monthly dividend of $0.14.

Saba Closed-End Funds ETF Stock Up 4.2%

BATS:CEFS opened at $22.93 on Tuesday. The firm’s fifty day simple moving average is $22.74 and its 200-day simple moving average is $22.58. The stock has a market cap of $304.90 million, a PE ratio of 21.88 and a beta of 0.72. Saba Closed-End Funds ETF has a fifty-two week low of $18.59 and a fifty-two week high of $22.70.

About Saba Closed-End Funds ETF

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk. CEFS was launched on Mar 21, 2017 and is managed by Saba.