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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, November 1st, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date is Friday, November 8th.

Saba Capital Income & Opportunities Fund II Stock Down 0.8 %

Shares of NYSE:SABA traded down $0.07 on Wednesday, reaching $8.59. 3,920 shares of the company’s stock were exchanged, compared to its average volume of 110,366. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $8.73. The business’s 50-day moving average is $8.50 and its two-hundred day moving average is $8.08.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total value of $586,985.48. Following the sale, the insider now owns 3,346,812 shares of the company’s stock, valued at $28,046,284.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 180,112 shares of company stock valued at $1,523,150 in the last quarter. Company insiders own 6.18% 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.