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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, February 11th will be given a dividend of 0.085 per share on Friday, February 28th. This represents a $1.02 annualized dividend and a yield of 12.99%. The ex-dividend date of this dividend is Tuesday, February 11th.

Saba Capital Income & Opportunities Fund Trading Down 0.9 %

NYSEARCA:BRW traded down $0.07 during mid-day trading on Tuesday, hitting $7.85. The company had a trading volume of 332,336 shares, compared to its average volume of 302,286. The business has a fifty day simple moving average of $7.79 and a 200-day simple moving average of $7.54. Saba Capital Income & Opportunities Fund has a 1 year low of $6.86 and a 1 year high of $8.04.

Saba Capital Income & Opportunities Fund Company Profile

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.