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 Tuesday, December 31st,Wall Street Journal reports. Investors of record on Friday, January 10th will be paid a dividend of 0.058 per share on Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 7.71%. The ex-dividend date is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Stock Down 0.2 %

Shares of NYSE SABA opened at $9.03 on Wednesday. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.28 and a 1-year high of $9.24. The business’s fifty day moving average price is $8.84 and its two-hundred day moving average price is $8.48.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 46,728 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $8.52, for a total transaction of $398,122.56. Following the completion of the transaction, the insider now directly owns 3,191,460 shares in the company, valued at approximately $27,191,239.20. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 84,480 shares of company stock valued at $718,845 in the last quarter. Company 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.