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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, November 1st, Wall Street Journal reports. Shareholders of record on Monday, November 11th will be given a dividend of 0.058 per share on Friday, November 29th. This represents a $0.70 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date is Friday, November 8th.

Saba Capital Income & Opportunities Fund II Trading Down 0.2 %

SABA stock opened at $8.64 on Thursday. The business’s fifty day simple moving average is $8.50 and its two-hundred day simple moving average is $8.08. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $8.73.

Insiders Place Their Bets

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $8.48, for a total value of $278,746.08. Following the sale, the insider now owns 3,158,589 shares in the company, valued at $26,784,834.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 180,112 shares of company stock worth $1,523,150 over the last quarter. Company insiders own 6.18% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

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.