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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Shareholders of record on Friday, January 10th will be paid a dividend of 0.058 per share on Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 7.71%. The ex-dividend date is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Stock Down 0.2 %

NYSE:SABA opened at $9.03 on Wednesday. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $9.24. The firm’s fifty day simple moving average is $8.84 and its 200-day simple moving average is $8.48.

Insider Transactions at Saba Capital Income & Opportunities Fund II

In other news, major shareholder Saba Capital Management, L.P. sold 46,728 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $8.52, for a total transaction of $398,122.56. Following the completion of the sale, the insider now owns 3,191,460 shares of the company’s stock, valued at approximately $27,191,239.20. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have 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.