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

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

Saba Capital Income & Opportunities Fund II Stock Performance

NYSE SABA traded up $0.01 on Wednesday, reaching $8.52. The stock had a trading volume of 1,501 shares, compared to its average volume of 116,417. The firm has a fifty day moving average of $8.38 and a two-hundred day moving average of $7.90. Saba Capital Income & Opportunities Fund II has a 1-year low of $7.28 and a 1-year high of $8.65.

Insider Activity at Saba Capital Income & Opportunities Fund II

In other news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the transaction, the insider now directly owns 3,346,812 shares of the company’s stock, valued at $28,046,284.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 76,100 shares of company stock worth $638,282. Corporate 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.