Saba Capital Income & Opportunities Fund II (SABA) To Go Ex-Dividend on January 10th

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Tuesday, December 31st,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 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Trading Down 0.2 %

Shares of Saba Capital Income & Opportunities Fund II stock opened at $9.03 on Wednesday. The business’s 50 day moving average price is $8.84 and its 200 day moving average price is $8.48. Saba Capital Income & Opportunities Fund II has a one year low of $7.28 and a one year high of $9.24.

Insider Transactions at Saba Capital Income & Opportunities Fund II

In other news, major shareholder Saba Capital Management, L.P. sold 32,871 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 3,158,589 shares in the company, valued at $26,784,834.72. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 84,480 shares of company stock worth $718,845 in the last quarter. Company insiders own 5.62% 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.