Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) to Issue Monthly Dividend of $0.09

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.085 per share on Monday, March 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date is Tuesday, March 11th.

Saba Capital Income & Opportunities Fund Price Performance

Saba Capital Income & Opportunities Fund stock traded up $0.01 during mid-day trading on Tuesday, reaching $7.88. 193,620 shares of the company were exchanged, compared to its average volume of 244,520. The company has a fifty day simple moving average of $7.80 and a 200-day simple moving average of $7.63. Saba Capital Income & Opportunities Fund has a 12 month low of $6.86 and a 12 month high of $8.04.

Saba Capital Income & Opportunities Fund Company Profile

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.