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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Friday, January 10th will be given a dividend of 0.058 per share on Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Stock Up 1.2 %

NYSE:SABA traded up $0.11 during trading hours on Friday, hitting $9.17. 92,200 shares of the company were exchanged, compared to its average volume of 86,150. The company’s 50 day moving average price is $8.81 and its 200-day moving average price is $8.41. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.28 and a 52-week high of $9.24.

Insider Activity at Saba Capital Income & Opportunities Fund II

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of Saba Capital Income & Opportunities Fund II stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $8.60, for a total transaction of $41,976.60. Following the transaction, the insider now directly owns 3,238,188 shares of the company’s stock, valued at $27,848,416.80. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 84,480 shares of company stock worth $718,845 in the last three months. Company insiders own 5.62% of the company’s stock.

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.