Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) declared a monthly dividend on Friday, November 1st, Wall Street Journal reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.058 per share on Friday, November 29th. This represents a $0.70 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Friday, November 8th.
Saba Capital Income & Opportunities Fund II Price Performance
SABA stock traded down $0.03 during midday trading on Monday, hitting $8.55. The stock had a trading volume of 34,188 shares, compared to its average volume of 111,160. The business has a 50-day moving average of $8.50 and a two-hundred day moving average of $8.07. Saba Capital Income & Opportunities Fund II has a 52-week low of $7.28 and a 52-week high of $8.73.
Insider Buying and Selling
In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the business's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the sale, the insider now owns 3,346,812 shares of the company's stock, valued at $28,046,284.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 180,112 shares of company stock valued at $1,523,150 over the last quarter. Corporate insiders own 5.62% of the company's stock.
Saba Capital Income & Opportunities Fund II Company Profile
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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.
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