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

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

Saba Capital Income & Opportunities Fund II Trading Up 0.8 %

NYSE:SABA opened at $8.66 on Tuesday. The stock has a 50-day moving average price of $8.42 and a 200 day moving average price of $7.93. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.28 and a 12-month high of $8.68.

Insider Buying and Selling at Saba Capital Income & Opportunities Fund II

In related news, major shareholder Saba Capital Management, L.P. sold 4,453 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $8.46, for a total transaction of $37,672.38. Following the completion of the transaction, the insider now directly owns 3,450,271 shares of the company’s stock, valued at approximately $29,189,292.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 95,632 shares of company stock valued at $804,304 in the last three months. 5.62% of the stock is currently owned by corporate 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.