Saba Capital Income & Opportunities Fund II (NYSE:SABA – Get Free Report) declared a monthly dividend on Friday, November 1st, Wall Street Journal reports. Investors of record on Monday, November 11th will be paid a dividend of 0.058 per share on Friday, November 29th. This represents a $0.70 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Friday, November 8th.
Saba Capital Income & Opportunities Fund II Stock Performance
SABA stock traded down $0.07 on Wednesday, hitting $8.59. 3,920 shares of the company were exchanged, compared to its average volume of 110,366. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $8.73. The business’s fifty day moving average is $8.50 and its two-hundred day moving average is $8.08.
Insiders Place Their Bets
In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the completion of the sale, the insider now directly owns 3,346,812 shares in the company, valued at $28,046,284.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 180,112 shares of company stock worth $1,523,150 over the last ninety days. 6.18% of the stock is owned by company insiders.
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.
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