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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRWGet Rating) announced a monthly dividend on Friday, July 29th, NASDAQ reports. Stockholders of record on Tuesday, August 9th will be given a dividend of 0.089 per share on Wednesday, August 31st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 12.59%. The ex-dividend date of this dividend is Monday, August 8th.

Saba Capital Income & Opportunities Fund Price Performance

NYSEARCA BRW opened at $8.48 on Friday. Saba Capital Income & Opportunities Fund has a 1-year low of $7.83 and a 1-year high of $9.62. The stock has a 50-day moving average of $8.15 and a 200-day moving average of $8.52.

Insider Buying and Selling at Saba Capital Income & Opportunities Fund

In other Saba Capital Income & Opportunities Fund news, major shareholder Saba Capital Management, L.P. sold 13,511 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $8.23, for a total transaction of $111,195.53. Following the completion of the transaction, the insider now owns 4,622,460 shares of the company’s stock, valued at approximately $38,042,845.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 194,798 shares of company stock valued at $1,019,219 in the last 90 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Saba Capital Income & Opportunities Fund stock. Raymond James & Associates increased its stake in Saba Capital Income & Opportunities Fund (NYSEARCA:BRWGet Rating) by 55.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,480 shares of the company’s stock after buying an additional 31,715 shares during the period. Raymond James & Associates’ holdings in Saba Capital Income & Opportunities Fund were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

About Saba Capital Income & Opportunities Fund

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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.

See Also

Dividend History for Saba Capital Income & Opportunities Fund (NYSEARCA:BRW)

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