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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, April 9th will be given a dividend of 0.085 per share on Wednesday, April 30th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 14.03%. The ex-dividend date of this dividend is Wednesday, April 9th.

Saba Capital Income & Opportunities Fund Trading Down 4.3 %

NYSEARCA BRW opened at $7.27 on Monday. Saba Capital Income & Opportunities Fund has a 12 month low of $6.86 and a 12 month high of $8.04. The company’s 50 day simple moving average is $7.79 and its 200 day simple moving average is $7.68.

About Saba Capital Income & Opportunities Fund

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.