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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders 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 dividend yield of 8.17%. The ex-dividend date of this dividend is Wednesday, October 9th.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE:SABA traded up $0.01 during trading hours on Wednesday, hitting $8.52. 1,501 shares of the company traded hands, compared to its average volume of 116,417. The firm’s 50-day simple moving average is $8.38 and its 200-day simple moving average is $7.90. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $8.65.

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

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $8.38, for a total value of $586,985.48. Following the completion of the transaction, the insider now owns 3,346,812 shares in the company, valued at approximately $28,046,284.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 76,100 shares of company stock worth $638,282. 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.