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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Tuesday, June 30th. Shareholders of record on Thursday, July 9th will be given a dividend of 0.085 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 15.5%. The ex-dividend date is Thursday, July 9th.

Saba Capital Income & Opportunities Fund Stock Performance

Shares of BRW traded up $0.01 during midday trading on Wednesday, hitting $6.58. The stock had a trading volume of 167,871 shares, compared to its average volume of 252,812. The business has a 50-day simple moving average of $6.72 and a two-hundred day simple moving average of $6.73. Saba Capital Income & Opportunities Fund has a fifty-two week low of $6.38 and a fifty-two week high of $8.49.

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. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.