Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) declared a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Stockholders 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 dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, January 10th.
Saba Capital Income & Opportunities Fund II Stock Up 1.2 %
SABA traded up $0.11 on Friday, reaching $9.17. The company had a trading volume of 92,200 shares, compared to its average volume of 86,150. The company's fifty day moving average is $8.82 and its 200 day moving average is $8.43. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $9.24.
Insider Activity
In related news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of the firm's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $8.60, for a total transaction of $41,976.60. Following the transaction, the insider now directly owns 3,238,188 shares of the company's stock, valued at approximately $27,848,416.80. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 84,480 shares of company stock valued at $718,845. 5.62% of the stock is owned by insiders.
About Saba Capital Income & Opportunities Fund II
(
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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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