Saba Capital Income & Opportunities Fund II (NYSE:SABA) Announces $0.06 Monthly Dividend

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Monday, September 30th, Zacks reports. Investors of record on Wednesday, October 9th will be paid a dividend of 0.058 per share on Thursday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 8.04%. The ex-dividend date of this dividend is Wednesday, October 9th.

Saba Capital Income & Opportunities Fund II Stock Performance

Shares of SABA opened at $8.66 on Tuesday. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.68. The firm’s 50-day simple moving average is $8.42 and its two-hundred day simple moving average is $7.93.

Insider Activity at Saba Capital Income & Opportunities Fund II

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total value of $586,985.48. Following the transaction, the insider now owns 3,346,812 shares in the company, valued at $28,046,284.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 95,632 shares of company stock valued at $804,304 in the last 90 days. Corporate insiders own 5.62% of the company’s stock.

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.