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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 10th will be paid a dividend of 0.058 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Tuesday, December 10th.

Saba Capital Income & Opportunities Fund II Price Performance

SABA remained flat at $8.99 during trading on Tuesday. 65,829 shares of the company’s stock traded hands, compared to its average volume of 105,873. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.28 and a 1-year high of $9.03. The business’s fifty day moving average is $8.60 and its 200 day moving average is $8.22.

Insiders Place Their Bets

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $8.48, for a total transaction of $278,746.08. Following the sale, the insider now owns 3,158,589 shares of the company’s stock, valued at approximately $26,784,834.72. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 180,112 shares of company stock valued at $1,523,150. 6.18% of the stock is currently owned by insiders.

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.